<SEC-DOCUMENT>0001610520-20-000059.txt : 20200428
<SEC-HEADER>0001610520-20-000059.hdr.sgml : 20200428
<ACCEPTANCE-DATETIME>20200428070227
ACCESSION NUMBER:		0001610520-20-000059
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200331
FILED AS OF DATE:		20200428
DATE AS OF CHANGE:		20200428

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:		20822237

	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:		20822236

	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>ubsgroupag6k1q20.htm
<TEXT>

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<p align=center style="margin:0cm;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:0cm;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:0cm;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:0cm;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:0cm;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:0cm;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:0cm;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:0cm;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:0cm;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:0cm;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:0cm;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:0cm;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:0cm;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: April 28, 2020</font></b></p>

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

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

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

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

<p align=center style="margin:0cm;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:0cm;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:0cm;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:0cm;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>

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<p align=center style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;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:0cm;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 First Quarter 2020 Report of
UBS Group AG and an additional risk factor disclosure, which appears
immediately following this page.</font></p>

<p style="margin:0cm;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:0cm;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 style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">First
Quarter 2020 Report</font></b></p>

<p style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

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<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><img height=725 src="ubsgroupag1q20x3x0.gif" width=732><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:12.0pt;">&#160;&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:36.0pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:58.0pt;">Our financial
results</font></p>

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

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:18.0pt;">First</font><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:16.0pt;"> </font><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:18.0pt;">quarter 2020 report</font></p>




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<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0cm 0cm 3.0pt 0cm;"><p style="border:none;margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Corporate calendar UBS Group AG</font></b></p>

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<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:normal;">Annual General Meeting 2020:&#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; Wednesday,
29 April </font><font style="position:relative;"><font style="height:1133px;left:488px;position:absolute;top:-1px;width:311px;">

<table cellpadding=0 cellspacing=0 style="width:100%;">
 <tr>
  <td colspan=2 style="border:none;">
<div style="padding:3.69pt 7.09pt 3.69pt 7.09pt;">
    <p style="margin:0cm;margin-bottom:114.0pt;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:11.0pt;line-height:28.35pt;">&nbsp;</font></p>
    </div></td>

 </tr>
<tr style="height:3.0pt;">
  <td valign=top width=21% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:6.0pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:23.0pt;">1.</font></b></p>
      </td>
 <td valign=top width=79% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:6.0pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS <br>
      Group</font></b></p>
      </td>
 </tr>
<tr style="height:11.65pt;">
  <td valign=top width=21% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">4</font></b></p>
      </td>
 <td valign=top width=79% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#COVID19"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">UBS&#8217;s response to COVID-19</font></a></p>
      </td>
 </tr>
<tr style="height:11.65pt;">
  <td valign=top width=21% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">6</font></b></p>
      </td>
 <td valign=top width=79% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Recent_developments"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Recent developments</font></a></p>
      </td>
 </tr>
<tr style="height:11.65pt;">
  <td valign=top width=21% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">9</font></b></p>
      </td>
 <td valign=top width=79% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Group_performance"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Group performance</font></a></p>
      </td>
 </tr>
<tr style="height:11.65pt;">
  <td valign=top width=21% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">&nbsp;</td>
 <td valign=top width=79% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">&nbsp;</td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=top width=21% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:6.0pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:23.0pt;">2.</font></b></p>
      </td>
 <td valign=top width=79% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:6.0pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS business divisions and <br>
      Group Functions</font></b></p>
      </td>
 </tr>
<tr style="height:11.65pt;">
  <td valign=top width=21% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">18</font></b></p>
      </td>
 <td valign=top width=79% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Wealth_Management"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Global Wealth Management</font></a></p>
      </td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=top width=21% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">21</font></b></p>
      </td>
 <td valign=top width=79% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Retail_Corporate"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Personal &amp; Corporate Banking</font></a></p>
      </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=21% style="height:12.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">23</font></b></p>
      </td>
 <td valign=top width=79% style="height:12.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Global_Asset_Management"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Asset Management</font></a></p>
      </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=21% style="height:12.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">25</font></b></p>
      </td>
 <td valign=top width=79% style="height:12.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Investment_bank"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Investment Bank</font></a></p>
      </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=21% style="height:12.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">27</font></b></p>
      </td>
 <td valign=top width=79% style="height:12.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Corporate_Center"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Group Functions</font></a></p>
      </td>
 </tr>
<tr style="height:11.65pt;">
  <td valign=top width=21% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">&nbsp;</td>
 <td valign=top width=79% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">&nbsp;</td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=top width=21% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:6.0pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:23.0pt;">3.</font></b></p>
      </td>
 <td valign=top width=79% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:6.0pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Risk, treasury and capital<br>
      management</font></b></p>
      </td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=top width=21% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">31</font></b></p>
      </td>
 <td valign=top width=79% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Risk_management_and_control"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Risk management and control</font></a></p>
      </td>
 </tr>
<tr style="height:11.5pt;">
  <td valign=top width=21% style="height:11.5pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">38</font></b></p>
      </td>
 <td valign=top width=79% style="height:11.5pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Balance_sheet_narratives"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Balance sheet, liquidity and
      funding management</font></a></p>
      </td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=top width=21% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">43</font></b></p>
      </td>
 <td valign=top width=79% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Capital_management"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Capital management</font></a></p>
      </td>
 </tr>
<tr style="height:11.65pt;">
  <td valign=top width=21% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">&nbsp;</td>
 <td valign=top width=79% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">&nbsp;</td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=top width=21% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:6.0pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:23.0pt;">4.</font></b></p>
      </td>
 <td valign=top width=79% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:6.0pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Consolidated<br>
      financial statements</font></b></p>
      </td>
 </tr>
<tr style="height:11.65pt;">
  <td valign=top width=21% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">59</font></b></p>
      </td>
 <td valign=top width=79% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Interim_ConsoFS_UBSGroupAG"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">UBS Group AG interim
      consolidated financial statements (unaudited)</font></a></p>
      </td>
 </tr>
<tr style="height:12.3pt;">
  <td valign=top width=21% style="height:12.3pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">103</font></b></p>
      </td>
 <td valign=top width=79% style="height:12.3pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Interim_ConsoFS_UBSAG"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">UBS AG interim consolidated
      financial information (unaudited)</font></a></p>
      </td>
 </tr>
<tr style="height:11.65pt;">
  <td valign=top width=21% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">&nbsp;</td>
 <td valign=top width=79% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">&nbsp;</td>
 </tr>
<tr style="height:11.65pt;">
  <td valign=top width=21% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:6.0pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:23.0pt;">5.</font></b></p>
      </td>
 <td valign=top width=79% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:6.0pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Significant regulated subsidiary and sub-group information</font></b></p>
      </td>
 </tr>
<tr style="height:11.65pt;">
  <td valign=top width=21% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">106</font></b></p>
      </td>
 <td valign=top width=79% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Financial_and_reg_key_figures"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Financial and regulatory key figures for our
      significant regulated subsidiaries and sub-groups</font></a></p>
      </td>
 </tr>
<tr style="height:11.65pt;">
  <td valign=top width=21% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">&nbsp;</font></b></p>
      </td>
 <td valign=top width=79% style="height:11.65pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>
      </td>
 </tr>
<tr style="height:12.3pt;">
  <td valign=top width=21% style="height:12.3pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></b></p>
      </td>
 <td valign=top width=79% style="height:12.3pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Appendix</font></b></p>
      </td>
 </tr>
<tr style="height:12.3pt;">
  <td valign=top width=21% style="height:12.3pt;padding:0cm 8.5pt 0cm 0cm;">
      <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></b></p>
      </td>
 <td valign=top width=79% style="height:12.3pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>
      </td>
 </tr>
<tr style="height:12.3pt;">
  <td valign=top width=21% style="height:12.3pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">108</font></b></p>
      </td>
 <td valign=top width=79% style="height:12.3pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#alternative_per_mes"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Alternative performance measures</font></a></p>
      </td>
 </tr>
<tr style="height:12.3pt;">
  <td valign=top width=21% style="height:12.3pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">110</font></b></p>
      </td>
 <td valign=top width=79% style="height:12.3pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Abbreviations"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Abbreviations frequently used in
      <br>
      our financial reports</font></a></p>
      </td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=top width=21% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">112</font></b></p>
      </td>
 <td valign=top width=79% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Information_sources"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Information sources </font></a></p>
      </td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=top width=21% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">113</font></b></p>
      </td>
 <td valign=top width=79% style="height:3.0pt;padding:0cm 8.5pt 0cm 0cm;">
      <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Cautionary_statement_EN"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Cautionary statement</font></a></p>
      </td>
 </tr>
<tr>
  <td colspan=2 style="border:none;">

    <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:5.0pt;">&nbsp;</font></p>
    <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=TimesNewRomanPSMT lang=EN-US style="font-size:12.0pt;line-height:120%;">&nbsp;</font></p>

    </td>
 </tr>
<tr>
  <td colspan=1 style="border:none;">&nbsp;</td>
 <td>&nbsp;</td>
 </tr>
</table>

</font></font><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:normal;">2020 Publication of the second quarter 2020
report: &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Tuesday, 21 July 2020<br>
Publication of the third quarter 2020 report:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Tuesday, 20
October 2020</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Extraordinary General Meeting 2020:&#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; Thursday,
19 November 2020<br>
Publication of the fourth quarter 2020 report:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Monday, 25
January 2021<br>
<br>
</font></p>

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

<p style="border:none;margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Corporate
calendar UBS AG*</font></b></p>

</div>


<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0pt;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Publication
of the first quarter 2020 report:&#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; Monday, 4 May 2020</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">*Publication dates of future
quarterly and annual reports and results are made available as part of the
corporate calendar of UBS AG at </font><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;text-decoration:none;">www.ubs.com/investors&nbsp;</font></p>

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

<p style="border:none;margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Contacts</font></b></p>

</div>











<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Switchboards</font></b></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">For all general inquiries <br>
</font><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;text-decoration:none;">www.ubs.com/contact&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Zurich +41-44-234 1111<br>
London +44-207-567 8000<br>
New York +1-212-821 3000<br>
Hong Kong +852-2971 8888</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Singapore +65-6495 8000</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Investor
Relations</font></b></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">UBS&#8217;s Investor Relations team
supports<br>
institutional, professional and retail<br>
investors from our offices in Zurich,<br>
London, New York and Krakow.</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">UBS Group AG, Investor Relations<br>
P.O. Box, CH-8098 Zurich, Switzerland</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;text-decoration:none;">www.ubs.com/investors</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Zurich +41-44-234 4100<br>
New York +1-212-882 5734</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Media Relations</font></b></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">UBS&#8217;s Media Relations team supports<br>
global media and journalists from our<br>
offices in Zurich, London, New York<br>
and Hong Kong.</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;text-decoration:none;">www.ubs.com/media</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Zurich +41-44-234 8500<br>
mediarelations@ubs.com</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">London +44-20-7567 4714 <br>
ubs-media-relations@ubs.com</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">New York +1-212-882 5858 <br>
mediarelations@ubs.com</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=SV style="font-size:7.5pt;line-height:8.5pt;">Hong Kong +852-2971 8200<br>
sh-mediarelations-ap@ubs.com</font></p>

<b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;"><br clear=all>


</font></b><p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Office of the Group Company
Secretary</font></b></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">The Group Company Secretary receives
<br>
inquiries on compensation and related<br>
issues addressed to members of the<br>
Board of Directors.</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">UBS Group AG, Office of the Group
Company Secretary<br>
P.O. Box, CH-8098 Zurich, Switzerland</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">sh-company-secretary@ubs.com</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">+41-44-235 6652</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Shareholder Services</font></b></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">UBS&#8217;s Shareholder Services team, a
unit<br>
of the Group Company Secretary office,<br>
is responsible for the registration of UBS Group AG registered shares.</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">UBS Group AG, Shareholder Services<br>
P.O. Box, CH-8098 Zurich, Switzerland</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">sh-shareholder-services@ubs.com</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">+41-44-235 6652</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">US Transfer Agent</font></b></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">For global registered share-related<br>
inquiries in the US.</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Computershare Trust Company NA<br>
P.O. Box 505000<br>
Louisville, KY 40233-5000, USA</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Shareholder online inquiries:<br>
</font><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;text-decoration:none;">www-us.computershare.com/<br>
investor/Contact</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Shareholder website:<br>
</font><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;text-decoration:none;">www.computershare.com/investor&nbsp;</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Calls from the US <br>
+1-866-305-9566<br>
Calls from outside the US<br>
+1-781-575-2623<br>
TDD for hearing impaired<br>
+1-800-231-5469<br>
TDD for foreign shareholders<br>
+1-201-680-6610</font></p>








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

<p style="border:none;margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:11.5pt;padding:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Imprint</font></b></p>

</div>


<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Publisher: UBS Group AG, Zurich,
Switzerland | </font><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;text-decoration:none;">www.ubs.com&nbsp;</font><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;"><br>
Language: English </font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">&#169; UBS 2020. The key symbol and UBS
are among the registered and unregistered trademarks of UBS. All rights
reserved.</font></p>

<p style="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><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="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><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="margin-bottom:5.65pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">&#160;&nbsp;</font></p>








<p style="margin-bottom:24.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="UBS_Key_Figures_EN"></a></p>
<DIV bclFooter>

 <p style="border:none;margin:0cm;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>

</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">

<DIV bclHeader>

 <p style="border:none;margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">First quarter 2020
 report</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:24.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">Our key
figures<a name="UBS_Key_Figures_EN_bclEnd"></a></font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:8.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=30% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million, except where
  indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group results</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,934&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,052&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,218&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,926&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,124&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,672&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit / (loss) before tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,008&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;928&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,546&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss) attributable to shareholders</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,595&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;722&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,141&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Diluted earnings per share (USD)<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.43&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.19&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.30&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Profitability and growth<sup>2</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on equity (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.2&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on tangible equity (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.9&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on common equity tier 1 capital (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17.7&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.2&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on risk-weighted assets, gross (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.0&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10.8&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on leverage ratio denominator, gross (%)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.1&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cost / income ratio (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;72.3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;86.8&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;78.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Effective tax rate (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20.4&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21.6&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;26.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit growth (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39.8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;129.4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(27.1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Resources<sup>2</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,098,099&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;972,183&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;956,579&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity attributable to shareholders</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;57,949&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54,533&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,667&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,691&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,582&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34,658&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Risk-weighted assets<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;286,256&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;259,208&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;267,556&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital ratio (%)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13.7&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Going concern capital ratio (%)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.1&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing capacity ratio (%)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32.7&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34.6&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;955,932&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;911,325&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;910,993&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator (with temporary FINMA exemption)<sup>5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;877,463&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 leverage ratio (%)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.84&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.90&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.80&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 leverage ratio (%) (with temporary FINMA
  exemption)<sup>5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.18&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Going concern leverage ratio (%)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.4&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.7&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Going concern leverage ratio (%) (with temporary FINMA
  exemption)<sup>5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.9&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing capacity leverage ratio (%)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.8&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Liquidity coverage ratio (%)<sup>6</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;139&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;134&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;153&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Invested assets (USD billion)<sup>7</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,236&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,607&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,318&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personnel (full-time equivalents)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;69,437&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;68,601&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;67,481&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Market capitalization<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33,649&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;45,661&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;45,009&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total book value per share (USD)<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.17&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15.08&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.45&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total book value per share (CHF)<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15.58&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.60&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.39&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tangible book value per share (USD)<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.38&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13.29&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.67&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.2pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tangible book value per share (CHF)<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13.86&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.87&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.2pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.62&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:34.5pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1&nbsp;Refer to &#8220;Note 9 Earnings per share (EPS) and shares
  outstanding&#8221; in the &#8220;Consolidated financial statements&#8221; section of this
  report for more information.&#160;&#160;&#160; 2&nbsp;Refer to the &#8220;Performance targets and
  measurement&#8221; section of our Annual Report 2019 for more information about our
  performance targets.&#160;&#160;&#160; 3&nbsp;The leverage ratio denominator as of 31 March
  2020, used for the return calculation, does not reflect the effect of the
  temporary exemption granted by FINMA in connection with COVID-19. Refer to
  the &#8220;Recent developments&#8221; section of this report for more information.&#160;&#160;&#160;
  4&nbsp;Based on the Swiss systemically relevant bank framework as of
  1&nbsp;January 2020. Refer to the &#8220;Capital management&#8221; section of this report
  for more information.&#160;&#160;&#160; 5&nbsp;Refer to the &#8220;Recent developments&#8221; section
  and the &#8220;Capital management&#8221; section of this report for further details about
  the temporary FINMA exemption.&#160;&#160;&#160; 6&nbsp;Refer to the &#8220;Balance sheet,
  liquidity and funding management&#8221; section of this report for more
  information.&#160;&#160;&#160; 7&nbsp;Includes invested assets for Global Wealth Management,
  Asset Management and Personal &amp; Corporate Banking.&#160;&#160;&#160;
  8&nbsp;Refer&nbsp;to &#8220;UBS shares&#8221; in the &#8220;Capital management&#8221; section of this
  report for more information.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:4.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></p>

<div align=left><table border=1 cellpadding=0 cellspacing=0 style="background:#E6E6E6;border:none;border-collapse:collapse;width:100%;">
 <tr style="height:107.75pt;page-break-inside:avoid;">
  <td valign=top width=100% style="border-bottom:none;border-left:none;border-right:solid white 1.5pt;border-top:solid white 1.0pt;height:107.75pt;padding:1.4pt 0cm 0cm 0cm;">
  <div style="border:none;border-bottom:solid #74726F 1.0pt;margin-left:5.65pt;margin-right:5.65pt;padding:0cm 0cm 3.0pt 0cm;">
  <p style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Alternative performance measures</font></b></p>
  </div>

  <p style="margin:0cm;margin-bottom:.0001pt;margin-left:5.65pt;margin-right:5.65pt;margin-top:6.0pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">An
  alternative performance measure (an APM) is a financial measure of historical
  or future financial performance, financial position or cash flows other than
  a financial measure defined or specified in the applicable recognized
  accounting standards or in other applicable regulations. We report a number
  of APMs in the discussion of the financial and operating performance of the
  Group, our business divisions and our Group Functions. We use APMs to provide
  a fuller picture of our operating performance and to reflect management&#8217;s view of the fundamental drivers of our
  business results. A definition of each APM, the method used to calculate it
  and the information content are presented under &#8220;Alternative performance
  measures&#8221; in the appendix to this report. Our APMs may qualify as non-GAAP
  measures as defined by US Securities and Exchange Commission (SEC) regulations.</font></p>
  </td>
 </tr>
</table></div>


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





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<p style="margin-bottom:28.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:70.0pt;line-height:70.0pt;">UBS Group</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:12.0pt;">Management
report</font></p>

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

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

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

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

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

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

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

<p style="margin:0cm;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-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=white face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=white face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=white face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=white face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=white face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=white face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=white face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=white face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=white face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=white face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=white face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:13.0pt;">Terms
used in this report, unless the context requires otherwise</font></b></p>

<div align=left><table border=1 cellpadding=0 cellspacing=0 style="border:none;border-collapse:collapse;width:100%;">
 <tr style="height:1.0cm;page-break-inside:avoid;">
  <td valign=top width=52% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:1.0cm;padding:2.85pt 0cm 0cm 0cm;">
  <p align=left style="margin:0cm;margin-bottom:.0001pt;text-align:left;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#8220;UBS,&#8221;
  &#8220;UBS Group,&#8221; &#8220;UBS Group AG consolidated,&#8221; &#8220;Group,&#8221; &#8220;the Group,&#8221; &#8220;we,&#8221; &#8220;us&#8221;
  and &#8220;our&#8221;</font></p>
  </td>
 <td valign=top width=48% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:1.0cm;padding:2.85pt 0cm 0cm 0cm;">
  <p style="margin:0cm;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 and its consolidated subsidiaries</font></p>
  </td>
 </tr>
<tr style="height:17.0pt;page-break-inside:avoid;">
  <td valign=top width=52% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:17.0pt;padding:2.85pt 0cm 0cm 0cm;">
  <p style="margin:0cm;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;">&#8220;UBS AG consolidated&#8221; </font></p>
  </td>
 <td valign=top width=48% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:17.0pt;padding:2.85pt 0cm 0cm 0cm;">
  <p style="margin:0cm;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 AG and its consolidated
  subsidiaries</font></p>
  </td>
 </tr>
<tr style="height:17.0pt;page-break-inside:avoid;">
  <td valign=top width=52% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:17.0pt;padding:2.85pt 0cm 0cm 0cm;">
  <p style="margin:0cm;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;">&#8220;UBS Group AG&#8221; and &#8220;UBS Group AG
  standalone&#8221; </font></p>
  </td>
 <td valign=top width=48% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:17.0pt;padding:2.85pt 0cm 0cm 0cm;">
  <p style="margin:0cm;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 on a standalone basis</font></p>
  </td>
 </tr>
<tr style="height:17.0pt;page-break-inside:avoid;">
  <td valign=top width=52% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:17.0pt;padding:2.85pt 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;line-height:11.5pt;">&#8220;UBS AG&#8221; and &#8220;UBS AG standalone&#8221; </font></p>
  </td>
 <td valign=top width=48% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:17.0pt;padding:2.85pt 0cm 0cm 0cm;">
  <p style="margin:0cm;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 AG on a standalone basis</font></p>
  </td>
 </tr>
<tr style="height:17.0pt;page-break-inside:avoid;">
  <td valign=top width=52% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:17.0pt;padding:2.85pt 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;line-height:11.5pt;">&#8220;UBS Switzerland AG&#8221; and &#8220;UBS Switzerland AG
  standalone&#8221;</font></p>
  </td>
 <td valign=top width=48% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:17.0pt;padding:2.85pt 0cm 0cm 0cm;">
  <p style="margin:0cm;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 on a standalone
  basis</font></p>
  </td>
 </tr>
<tr style="height:17.0pt;page-break-inside:avoid;">
  <td valign=top width=52% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:17.0pt;padding:2.85pt 0cm 0cm 0cm;">
  <p style="margin:0cm;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;">&#8220;UBS Europe SE consolidated&#8221; </font></p>
  </td>
 <td valign=top width=48% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:17.0pt;padding:2.85pt 0cm 0cm 0cm;">
  <p style="margin:0cm;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 Europe SE and its consolidated
  subsidiaries</font></p>
  </td>
 </tr>
<tr style="height:28.15pt;page-break-inside:avoid;">
  <td valign=top width=52% style="background:#BEBEBE;border:none;border-right:solid white 1.5pt;height:28.15pt;padding:2.85pt 0cm 0cm 0cm;">
  <p style="margin:0cm;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;">&#8220;UBS Americas Holding LLC&#8221; and </font></p>
  <p style="margin:0cm;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;">&#8220;UBS Americas Holding LLC
  consolidated&#8221;</font></p>
  </td>
 <td valign=top width=48% style="background:#E6E6E6;border:none;height:28.15pt;padding:2.85pt 0cm 0cm 0cm;">
  <p style="margin:0cm;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 Americas Holding LLC and its consolidated
  subsidiaries</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:14.0pt;line-height:16.0pt;">&nbsp;</font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:14.0pt;line-height:16.0pt;">&nbsp;</font></p>










<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name=COVID19></a></p>
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 <p style="border:none;margin:0cm;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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</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">

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 <p style="border:none;margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS&#8217;s response to
 COVID-19</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">UBS&#8217;s response to COVID-19<a name="COVID19_bclEnd"></a></font></p>








<p style="margin:0cm;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;">COVID-19 has introduced an
unprecedented situation for UBS and its employees. Our key priorities are
safeguarding the wellbeing of our employees and their families, serving our
clients and ensuring operational continuity. </font></p>

<p style="margin:0cm;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;">In response to the global spread of the COVID-19
pandemic governments have taken measures to severely constrain movement,
prohibiting public gatherings, requiring working from home where possible, and
closing down or limiting non-essential retail and business activity. These
measures have had and are expected to continue to have a significantly adverse
effect on global economic activity. The global economy is expected to show a
meaningful contraction as a result, with the timing and strength of recovery
uncertain and dependent on containment of the COVID-19 pandemic and the lifting
of measures to contain it. In March 2020, markets experienced substantial decreases
in asset values, very high levels of volatility and, in some cases, limited
liquidity. </font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Governmental measures to support the
economy</font></b></p>

<p style="margin:0cm;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;">To mitigate the economic effect of the
COVID-19 pandemic, governments and central banks are offering significant fiscal
and monetary support to enable firms and employees to remain solvent, and
financial services firms are being provided with exceptional access to liquidity.
In addition, a number of regulatory and supervisory measures have been temporarily
introduced that seek to provide banks with increased flexibility in deploying
capital and liquidity resources to support economies. The extent to which these
efforts will reduce the adverse effects of the COVID-19 pandemic on the global
economy is uncertain.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Recent developments&#8221; section
of this report for more information about regulatory and legal developments
related to COVID-19</font></b></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Our support for our clients and the
economies in which we operate</font></b></p>

<p style="margin:0cm;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;">We have responded to these
unprecedented conditions from a position of strength, and are able to support
our clients with advice, credit and liquidity at a time they need those the
most. </font></p>

<p style="margin:0cm;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;">We are actively engaged in lending activities
to support our clients and the real economy across our businesses. As the
pandemic intensified and market liquidity became limited, we experienced higher
draws on committed credit facilities by corporate clients in the Investment
Bank and in Personal &amp; Corporate Banking. We are actively involved in the
execution of government-backed programs to assist businesses. </font></p>

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


</font><p style="margin:0cm;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;">In Switzerland, as of 24 April 2020, we have
processed more than 21,000 applications under the Swiss program for loans to
small and medium-sized corporate clients and have committed more than CHF&nbsp;2.5
billion of loans under this program. We have further committed to forgo any profits
on these loans. Should any profits result, we will donate those to support
projects that aid communities in Switzerland.</font></p>

<p style="margin:0cm;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;">In the US we are supporting the lending
programs created under the CARES Act for small businesses. Working with a
partner, we expect to make available up to USD&nbsp;2 billion to fund loans
under the Paycheck Protection Program. Any profit generated will be donated to
provide relief through emergency grants and funding to small business owners.</font></p>

<p style="margin:0cm;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;">In Global Wealth Management, we have provided
our clients with advice needed to manage their assets in uncertain times. Our
previous investments in technology led to strong operational stability and
facilitated connectivity across our business and resulted in new ways of digital
interaction with clients. </font></p>

<p style="margin:0cm;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;">In Personal &amp; Corporate Banking, we are
in close contact with our corporate clients and have provided around CHF&nbsp;2
billion of additional loans on top of the Swiss government-backed lending program
mentioned above during the first quarter of 2020.</font></p>

<p style="margin:0cm;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;">In Asset Management, we have supported our
clients with investment solutions and global insights to help them navigate the
significant market volatility and uncertain economic outlook.</font></p>

<p style="margin:0cm;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 Investment Bank, especially our new
Global Markets organizational structure, has proved to be resilient throughout even
the most intense trading days and maintained the integrity of processes and
information flows. We kept a strong focus on dynamic risk management, which
enabled the business and our clients to successfully navigate the volatile
market conditions.</font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Our support for communities</font></b></p>

<p style="margin:0cm;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;">We recognize the strain and hardship
the current situation is causing across our communities. Being in a position to
help in various areas, in order to support those who are directly involved in
battling the spread of the virus, we will donate USD&nbsp;30 million to various
COVID-19-related aid projects that support communities across regions in which
we operate. Additionally, members of the Group Executive Board have decided to donate
50% of their salaries over the next six months to COVID-19 relief efforts. </font></p>

<p style="margin:0cm;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:0cm;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 style="border:none;margin:0cm;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 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 style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Our support for employees</font></b></p>

<p style="margin:0cm;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;">Our employees&#8217; response across the
firm to the current pandemic has been remarkable; they have demonstrated
resilience, dedication and client focus. As our employees are not isolated from
the hardships caused by the pandemic, we are providing them with additional
support. Over 95% of our employees are able to effectively work remotely, and
we have enhanced procedures to safeguard those whose presence in our facilities
is critical. We are also providing extra flexibility for parents to care for
their children and for employees to address other evolving needs. </font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Operational resilience</font></b></p>

<p style="margin:0cm;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;">To reduce the risk of contagion in
our workforce, and to support our employees and external staff, we have moved a
substantial part of our workforce to work-from-home solutions. Around ninety
thousand internal and external staff are able to access our systems remotely,
including a substantial portion of our client-facing and trading staff. With
the bulk of our workforce now working outside of our offices, we face new
challenges and operational risks, including maintenance of supervisory and
surveillance controls, as well as increased fraud and data security risks. We
have taken measures that we believe are appropriate to manage these risks,
although such measures have never been tested on the scale or duration that we
are currently experiencing.</font></p>

<p style="margin:0cm;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;">While implementing these measures, we
experienced record transaction volumes in March along with extreme spikes in
volatility and limited liquidity in some markets. As a result of our prior investments
in infrastructure and execution of our established business continuity
management frameworks, we have managed the transition to remote working and the
spikes in volumes without material disruption in our service to clients. We
have experienced some operational risk incidents, none of which resulted in a material
loss.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Operational risk&#8221; in the &#8220;Risk management and control&#8221; section of this report for more information
about operational risk </font></b></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:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Effects of the
COVID-19 pandemic on our financial and capital position</font></b></p>

<p style="margin:0cm;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;">We have experienced an increase in
credit impairments and expected credit losses under IFRS 9 as a result of the
adverse economic developments, the sharp decline in market valuations and the
increase in volatility in the first quarter. Our higher expected credit losses
primarily resulted from certain lending exposures to industries and sectors
that were adversely affected by COVID-19 and other market decreases. In
addition, increases in credit impairments were recognized across all business divisions,
in particular from counterparties that were already credit-impaired at year-end
and from some new defaults during the quarter. </font></p>

<p style="margin:0cm;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;">We expect elevated credit loss expenses to
persist for at least as long as the COVID-19 containment measures continue. However,
given the credit quality of our portfolio, we remain confident in our ability
to maintain our overall strength and stability as well as continue to support
our clients. </font></p>

<p style="margin:0cm;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 increases in
credit impairments and expected credit losses were
offset as our businesses benefited from increased transaction volumes by
clients in the first quarter of 2020, but it is uncertain whether volatility
and transaction volumes will remain at elevated levels in the future. </font></p>

<p style="margin:0cm;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;">Our risk-weighted assets (RWA) increased
substantially in the first quarter, driven by increases in credit risk and
market risk RWA. </font><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">We expect the increased level of RWA
to persist at least into the next quarter anticipating additional drawdowns of
credit facilities and increased market volatility impacting VaR.</font></p>

<p style="margin:0cm;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>








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<p style="margin:0cm;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;">&#160;&nbsp;</font></p>








<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="Recent_developments"></a></p>
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 <p style="border:none;margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Recent
 developments</font></font><font style="border:none;">&nbsp;</font></p>

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<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">Recent developments<a name="Recent_developments_bclEnd"></a></font></p>








<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Change of dividend proposal</font></b></p>

<p style="margin:0cm;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;">Following a request from the Swiss
Financial Market Supervisory Authority (FINMA), on 9 April 2020 the Board of
Directors revised the 2019 dividend proposal for approval by shareholders at
the Annual General Meeting on 29 April 2020. Shareholders will be asked to
approve a dividend of USD&nbsp;0.365 per share to be paid on 7&nbsp;May 2020 alongside
the creation of a special dividend reserve of USD&nbsp;0.365 per share, the
payment of which will be subject to approval by shareholders at an
extraordinary general meeting on 19 November 2020.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS has also suspended
its share repurchase program, after having bought back CHF&nbsp;350 million of
shares during the first three months of 2020.</font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Regulatory and legal developments related
to COVID-19</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The Swiss Federal
Council has established a loan guarantee scheme of up to CHF&nbsp;40 billion, increased
from the initially announced amount of up to CHF&nbsp;20 billion, to support
small and medium-sized Swiss companies suffering from substantial reductions in
revenue due to the current COVID-19 pandemic. Affected companies can apply through
their banks for emergency loans amounting to a maximum of 10% of their annual
turnover, with a ceiling of CHF&nbsp;20 million. Loans up to CHF&nbsp;0.5
million are 100% guaranteed by the Swiss government and carry a 0% interest
rate. Loans of between CHF&nbsp;0.5 million and CHF&nbsp;20 million are 85%
government-guaranteed; for these loans the portion that is guaranteed by the government
carries a 0.5% interest rate and banks are free to determine the interest rate
for the remaining portion. </font></p>

<p style="margin:0cm;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;">To support the lending capacity of banks, the
Swiss Federal Council has deactivated the countercyclical buffer on residential
real estate loans at the request of the Swiss National Bank (the SNB) and several
other countries similarly reduced their countercyclical buffers. This led to a reduction
of 29 basis points of UBS&#8217;s common equity tier&nbsp;1 (CET1) capital
requirement, with no impact on UBS&#8217;s capital ratios. </font></p>

<font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;"><br clear=all>


</font><p style="margin:0cm;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;letter-spacing:-.1pt;line-height:11.5pt;">Banks that have model-based
market risk RWA calculations, such as UBS, are experiencing an increased number
of backtesting exceptions driven by the higher volatility in the markets. These
exceptions could ultimately result in higher bank-specific minimum capital
requirements. FINMA has introduced a temporary exemption freezing the number of
backtesting exceptions from 1&nbsp;February 2020 until 1&nbsp;July 2020. As of
31&nbsp;March 2020, we did not benefit from this measure, as the number of
backtesting exceptions we experienced would not have led to an increase in
market risk RWA.</font></p>

<p style="margin:0cm;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;letter-spacing:-.1pt;line-height:11.5pt;">In addition,
FINMA has permitted banks to temporarily exclude central bank sight deposits
from the leverage ratio denominator (LRD) for the purpose of calculating going
concern ratios. This exemption applies until 1&nbsp;July 2020 and may be
extended. Applicable dividends or similar distributions approved by
shareholders after 25&nbsp;March 2020 reduce the relief by the LRD equivalent
of the capital distribution. </font></p>

<p style="margin:0cm;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 March 2020, these exclusions
resulted in a temporary reduction of our LRD </font><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">for going
concern requirement purposes </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">of USD&nbsp;78 billion.
Given our existing buffers to capital requirements and the temporary nature of
this measure, this had no impact on our capacity to provide funding to our clients
or the Swiss economy.</font></p>

<p style="margin:0cm;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;">Regulators in key jurisdictions outside of
Switzerland have taken measures intended to encourage banks to take an
accommodative stance when dealing with customers facing financial stress, and
also to support liquidity in markets. These measures include a temporary
relaxation of capital buffer and Pillar&nbsp;2 capital requirements, temporary
modifications to the LRD and the establishment of special lending or financing facilities.
</font></p>

<p style="margin:0cm;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;">Furthermore, the Basel Committee on Banking
Supervision (the BCBS) has delayed the implementation deadline of Basel III
rules by one year, to 1&nbsp;January 2023. The accompanying transitional
arrangement for the output floor has also been extended by one year, to 1&nbsp;January
2028. Separately, the BCBS and the International Organization of Securities
Commissions (IOSCO) have </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;">extended&nbsp;</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> the final two
implementation phases of the framework for margin requirements for non-centrally
cleared derivatives by one year, to 1&nbsp;September 2022. These measures have
no impact on UBS&#8217;s capital position.</font></p>

<p style="margin:0cm;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;letter-spacing:-.1pt;line-height:11.5pt;">&nbsp;</font></p>








<p style="margin:0cm;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;letter-spacing:-.1pt;line-height:11.5pt;">&nbsp;</font></p>









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 <p style="border:none;margin:0cm;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="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;">6</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;">&nbsp;</font></p>

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 <p style="border:none;margin:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;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;letter-spacing:-.1pt;line-height:11.5pt;">In the US, the Federal Reserve Board (the Federal Reserve), the Federal
Deposit Insurance Corporation (the FDIC) and the Office of the Comptroller of
the Currency (the OCC) have encouraged, in a joint statement, banking
organizations to use capital and liquidity buffers in a prudent manner to
support the economy. Furthermore,
the Federal Reserve has made a temporary change to permit
the exclusion of US Treasury securities and deposits at Federal Reserve Banks
from the calculation of the supplementary leverage ratio for bank holding companies
(BHCs) and intermediate holding companies (IHCs), including UBS Americas Holding
LLC; this temporary change will be in effect until 31&nbsp;March 2021.</font></p>

<p style="margin:0cm;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;letter-spacing:-.1pt;line-height:11.5pt;">The EU and the
European Central Bank (the ECB) have also communicated a series of regulatory
measures to stabilize the economy in Europe. None of those measures are
expected to have a significant impact on UBS Group.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">IFRS 9 and COVID-19: Accounting for
expected credit losses</font></p>

<p style="margin:0cm;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 March 2020, the International
Accounting Standards Board (the IASB) emphasized that entities should apply
appropriate judgment when determining the effects of COVID-19 on expected
credit losses under IFRS 9, given the significant uncertainty that exists, in
particular when assessing future macroeconomic conditions and whether a
significant increase in credit risk has occurred.</font></p>

<p style="margin:0cm;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;">FINMA, the ECB and other banking regulators
have also issued statements emphasizing the need for judgment.</font></p>

<p style="margin:0cm;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;">Notwithstanding the measures taken by regulators
and clarifying statements, deteriorating economic forecasts have caused and are
likely to continue to cause an increase in expected credit losses and hence greater
volatility in the income statement.</font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><a name="_Toc12372051"></a><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Other regulatory
and legal developments</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Brexit</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Following its
withdrawal from the EU on 31&nbsp;January 2020, the UK has entered a transition
period that is scheduled to end on 31&nbsp;December 2020. The negotiations on
the future EU&#8211;UK relationship have commenced and both sides have committed to
completing all necessary equivalence assessments under existing EU financial
services legislation by June 2020. However, the pace of the negotiations has
been affected by the COVID-19 pandemic. An extension of the transition period
is possible under the terms of the Withdrawal Agreement until 31&nbsp;December
2021 or 31&nbsp;December 2022 if the UK requests an extension before 30&nbsp;June
2020.</font></p>

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


</font><p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Proposed abolition
of Swiss stamp duty and reform of the Withholding Tax Act </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">In
January 2020, the Economic Affairs and Taxation Committee of the Swiss National
Council launched a consultation on a step-by-step abolition of Swiss stamp
duties. The proposed bill is expected to strengthen the Swiss capital markets
and have a positive effect on national and international investors. Also, in </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">April 2020, the Swiss Federal Council commenced a consultation
process regarding amendments to the Withholding Tax Act, proposing to exempt
domestic legal entities and foreign investors from withholding tax on
interest-bearing investments. </font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Annual review of Comprehensive Capital
Analysis and Review documentation</font></p>

<p style="margin:0cm;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 Americas Holding LLC, our US
intermediate holding company, submitted its capital plan and stress forecasts in
April</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;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;">2020, as required under the Federal Reserve&#8217;s
annual Comprehensive Capital Analysis and Review (CCAR) exercise. We expect the
Federal Reserve to publish the results of their review of the capital plan and
qualitative assessment of our CCAR processes in the second half of June 2020.</font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Other developments </font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Presentation of
reported results only</font></p>

<p style="margin:0cm;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 previously announced, beginning
with the first quarter of 2020, we no longer report adjusted results in our
financial reports, as the effects of legacy cost programs have been phased out
and all of our financial targets are now based on reported results. We will
continue to disclose restructuring and litigation expenses for each business
division, as well as other material profit or loss items that management
believes are neither representative of underlying business performance nor
expected to routinely recur, in the </font><font face=Symbol lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#178;</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Group performance</font><font face=Symbol lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#178;&nbsp;</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> sections of our financial
reports.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Group performance&#8221; section of
this report for more information about restructuring and litigation expenses in
the first quarter of 2020</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Performance, targets and measurement&#8221; section of our
Annual Report 2019 and the
&#8220;Recent developments&#8221; section of our fourth quarter 2019 report for more information
about the changes</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Streamlining of business division
expense reporting and renaming of Corporate Center to Group Functions</font></p>

<p style="margin:0cm;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;">Beginning with the first quarter of
2020, we have streamlined our business division expense reporting to better reflect
how the Group is managed. We will no longer provide individual operating
expense lines but will disclose costs at a total operating expense level for
our business divisions. We continue to provide more detailed information with
regard to operating expenses at the Group level, and explain the drivers of
changes in divisional operating expenses in our divisional management
discussion and analysis. </font></p>








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


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 <p align=right style="border:none;margin:0cm;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="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;">&nbsp;</font></p>

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 <p style="border:none;margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Recent
 developments</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;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 streamlining of
the business division expense reporting is also applied to &#8220;Note 2 Segment
Reporting&#8221; in the UBS Group AG and the UBS AG consolidated financial statements.</font></p>

<p style="margin:0cm;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;">Corporate Center has been renamed Group Functions
and includes Group Treasury, our Non-core and Legacy Portfolio, and Group
services and other. These changes had no effect on business division or Group
operating income, operating expenses and profit before tax.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;UBS business divisions and
Group Functions&#8221; section of this report for more information</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Group
performance&#8221; section of our Annual Report 2019 for more information</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Transfer of the aircraft leasing
business</font></p>

<p style="margin:0cm;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;">On 1 January 2020, the Corporate
Aircraft Finance business was transferred from Personal &amp; Corporate Banking
to Global Wealth Management to better align with the clients primarily served
by this business. Corporate Aircraft Finance serves mainly ultra high net worth
clients and the transfer reflects a strategic alignment of clients and
services. Approximately USD&nbsp;1.6 billion in loans were shifted from
Personal &amp; Corporate Banking to Global Wealth Management. Net interest
income of approximately USD&nbsp;40 million annually is expected to be reported
in Global Wealth Management instead of Personal &amp; Corporate Banking as a
result of the transfer.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Structural changes in the Investment
Bank</font></p>

<p style="margin:0cm;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 announced in September 2019,
structural changes made in our Investment Bank came into effect on 1 January
2020. Corporate Client Solutions and Investor Client
Services were renamed Global Banking and Global Markets, respectively. Global
Banking has two product verticals &#8211; Capital Markets and Advisory &#8211; consistent
with its global coverage model, and including corporate lending and associated
hedging activities. Global Markets combines Equities and Foreign Exchange,
Rates and Credit (FRC), into three product verticals: Execution &amp; Platform,
Derivatives &amp; Solutions, and Financing. </font></p>

<p style="margin:0cm;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 presentation of historical financial
information in our business division management discussion and analysis
reflects these changes. Historical total revenues for the Investment Bank were
not affected by these changes. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;UBS business divisions and
Group Functions&#8221; section of this report for more information</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Our strategy, business model and environment&#8221; section
of our Annual Report 2019 for more information about the Investment Bank&#8217;s
business and the structural changes</font></b></p>

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


</font><p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Global Wealth
Management organizational changes </font></p>

<p style="margin:0cm;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 announced in January 2020, we have
implemented organizational changes in our Global Wealth Management division.
Effective 1 January 2020, we created three distinct business units within EMEA:
Europe; Central and Eastern Europe, Greece and Israel; and Middle East and Africa.
We are also making our Global Family Office capabilities available to more
clients.</font></p>

<p style="margin:0cm;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;">Beginning with the first quarter of 2020, we
are providing additional information in our business division management
discussion and analysis, including extended regional information about
operating income and expenses, as well as information about loan and mandate
development. We have aligned our ultra high net worth client relationships with
the regions and therefore do not separately report performance measures on our
ultra high net worth client relationships any more.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Global Wealth Management&#8221; in the &#8220;UBS business divisions
and Group Functions&#8221; section of this report for more information</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Adoption of hedge accounting of IFRS 9, </font><i><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Financial instruments</font></i></p>

<p style="margin:0cm;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;">Effective 1&nbsp;January 2020, we
have adopted the hedge accounting requirements of IFRS 9, </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Financial
instruments</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;font-style:normal;line-height:11.5pt;">,&nbsp;</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">
for all our existing hedge accounting programs except for fair value hedges of
portfolio interest rate risk related to loans, which, as permitted under IFRS
9, continue to be accounted for under IAS 39, </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Financial
Instruments: Recognition and Measurement</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">. The adoption of these
requirements as of 1&nbsp;January 2020 had no effect on our financial
statements.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Under the new guidance,
and to reduce income statement volatility, we have designated cross-currency
swaps and foreign currency debt in fair value hedge relationships, applying the
cost of hedging approach to the foreign currency basis spread.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 1 Basis of accounting&#8221; in the &#8220;Consolidated financial
statements&#8221; section of this report for more information about the adoption of
hedge accounting requirements of IFRS 9</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Statement of comprehensive income&#8221; in the &#8220;Consolidated
financial statements&#8221; section of this report for more information</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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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  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=24% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=16% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4Q19</font></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1Q19</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,330&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,262&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,123&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other net income from financial instruments measured at fair
  value through profit or loss</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,807&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,381&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,935&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(268)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(20)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Fee and commission income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,477&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,856&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,541&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(456)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(458)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(409)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net fee and commission income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,021&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,398&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,132&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;43&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;49&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;131&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,934&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,052&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,218&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,321&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,902&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,043&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">General and administrative expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,133&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,618&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,187&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(30)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;456&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;480&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;427&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Amortization and impairment of goodwill and intangible assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;125&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(88)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,926&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,124&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,672&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit / (loss) before tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,008&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;928&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,546&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;116&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;410&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;200&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;407&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;105&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,598&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;727&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,139&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;120&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;40&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss) attributable to non-controlling interests</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(50)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss)
  attributable to shareholders</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,595&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;722&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,141&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;121&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;40&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Comprehensive income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total comprehensive income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,195&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,567)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,039&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;304&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total comprehensive income attributable to non-controlling
  interests</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total comprehensive income
  attributable to shareholders</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,197&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,577)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,037&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;305&nbsp;</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;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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<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td colspan=8 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Performance of our business divisions and Group Functions</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=6 width=49% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended 31.3.20</font></b></p>
  </td>
 </tr>
<tr style="height:28.5pt;">
  <td valign=bottom width=50% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth Management</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp;</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Banking</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Manage-</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">ment</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment Bank</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group Functions</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,547&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;904&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;514&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,449&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(480)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,934&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=50% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,329&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;570&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;357&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,741&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(71)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,926&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net restructuring
  expenses<sup>1</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;61&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;86&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net expenses for
  litigation, regulatory and similar matters<sup>2</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=50% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit / (loss)
  before tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,218&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;334&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;157&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;709&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(410)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,008&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=50% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=6 width=49% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended 31.12.19</font></p>
  </td>
 </tr>
<tr style="height:29.25pt;">
  <td valign=bottom width=50% style="border:none;border-bottom:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:29.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth Management</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp;</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Banking</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Manage-</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">ment</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment Bank</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group Functions</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,150&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;881&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;551&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,681&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(211)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,052&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net gains /
  (losses) from properties held for sale</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(29)&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(29)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=50% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating expenses</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,384&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;571&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;371&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,703&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;95&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,124&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net restructuring
  expenses<sup>1</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;110&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;146&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: impairment of
  goodwill</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;110&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;110&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net expenses for
  litigation, regulatory and similar matters<sup>2</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;55&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;104&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=50% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit / (loss)
  before tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;766&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;310&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;180&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(22)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(306)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;928&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=50% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=6 width=49% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended 31.3.19</font></p>
  </td>
 </tr>
<tr style="height:29.25pt;">
  <td valign=bottom width=50% style="border:none;border-bottom:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:29.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth Management</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp;</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Banking</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Manage-</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">ment</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment Bank</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group Functions</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,003&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;957&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;446&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,765&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,218&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=50% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating expenses</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,140&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;570&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;343&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,558&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;62&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,672&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net restructuring
  expenses<sup>1</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net expenses for
  litigation, regulatory and similar matters<sup>2</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=50% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=50% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit / (loss)
  before tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;863&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;387&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;103&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;207&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(15)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,546&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:33.0pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:33.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Reflects expenses for new restructuring initiatives. Prior-year
  comparative figures also include restructuring expenses related to legacy
  cost programs.&#160;&#160;&#160; 2 Reflects the net increase in / (release of) provisions
  for litigation, regulatory and similar matters recognized in the income
  statement. Refer to &#8221;Note 16 Provisions and contingent liabilities&#8221; in the
  &#8220;Consolidated financial statements&#8221; section of this report for more
  information. Also includes recoveries from third parties of USD 1 million,
  USD 1 million and USD 7 million for the quarters ended 31 March 2020, 31
  December 2019 and 31 March 2019, respectively.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Results: 1Q20 vs 1Q19</font></b></p>

<p style="margin:0cm;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;">Profit before tax increased by USD&nbsp;462
million, or 30%, to USD&nbsp;2,008 million, reflecting an increase in operating
income, partly offset by an increase in operating expenses. Operating income increased
by USD&nbsp;716 million, or 10%, to USD&nbsp;7,934 million, mainly reflecting USD&nbsp;889
million and USD&nbsp;207 million higher net fee and commission income and net
interest income, respectively, partly offset by a USD&nbsp;248 million increase
in credit loss expense and a USD&nbsp;128 million decrease in other net <br clear=all>
income from financial instruments measured at fair value through profit or loss.
Operating expenses increased by USD&nbsp;254 million, or 4%, to USD&nbsp;5,926
million, largely reflecting higher personnel expenses. </font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Operating income: 1Q20 vs 1Q19</font></b></p>

<p style="margin:0cm;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;">Total operating income increased by USD&nbsp;716
million, or 10%, to USD&nbsp;7,934 million. </font></p>

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









<p style="margin:0cm;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 bclFooter>

 <p style="border:none;margin:0cm;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="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;">10</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;">&nbsp;</font></p>

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 <p style="border:none;margin:0cm;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 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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<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:9.75pt;">
  <td colspan=8 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Net interest income and other net income from financial
  instruments measured at fair value through profit or loss</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=24% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=15% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4Q19</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1Q19</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income from financial instruments measured at
  amortized cost and fair value through other comprehensive income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,069&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;988&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;785&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income from financial instruments measured at fair
  value through profit or loss</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;261&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;273&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;339&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(23)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other net income from financial instruments measured at fair
  value through profit or loss</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,807&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,381&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,935&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,137&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,642&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,058&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth Management</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,331&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,227&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,261&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 15.5pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net interest
  income</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,031&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;993&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,009&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 15.5pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: transaction-based
  income from foreign exchange and other intermediary activity<sup>1</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;300&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;234&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;252&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;28&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;609&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;614&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;609&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 15.5pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net interest
  income</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;511&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;501&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;493&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 15.5pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: transaction-based
  income from foreign exchange and other intermediary activity<sup>1</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;97&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;113&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;116&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(14)&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset Management</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(71)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment Bank<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,610&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;949&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,094&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;70&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 15.5pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Banking<sup>3</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;112&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;145&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;90&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(23)&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;24&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 15.5pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Markets<sup>3</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,498&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;804&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,004&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;86&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;49&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group Functions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(409)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(137)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;94&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;198&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Mainly includes spread-related income in connection with
  client-driven transactions, foreign currency translation effects and income
  and expenses from precious metals, which are included in the income statement
  line Other net income from financial instruments measured at fair value
  through profit or loss.&#160;&#160;&#160; 2&nbsp;Investment Bank information is provided at
  the business line level rather than by financial statement reporting line in
  order to reflect the underlying business activities, which is consistent with
  the structure of the management discussion and analysis in the &#8220;Investment
  Bank&#8221; section of this report.&#160;&#160;&#160; 3&nbsp;Effective as of 1 January 2020, the
  Investment Bank was realigned into two new business lines, Global Banking and
  Global Markets. The presentation of prior-year information reflects the new
  structure, with no effect on the overall results of the Investment Bank.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Net interest
income and other net income from financial instruments measured at fair value
through profit or loss</font></p>

<p style="margin:0cm;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;">Total combined net interest income
and other net income from financial instruments measured at fair value through
profit or loss increased by USD&nbsp;79 million to USD&nbsp;3,137 million. This
was mainly driven by the Investment Bank and Global Wealth Management, partly
offset by a decrease in Group Functions. </font></p>

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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Net interest income
increased by USD&nbsp;22 million to USD&nbsp;1,031 million, mainly reflecting
growth in lending revenues, partly offset by lower deposit revenues, despite
higher deposit volumes, as a result of lower US dollar interest rates.</font></p>

<p style="margin:0cm;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;">Transaction-based income from foreign
exchange and other intermediary activity increased by USD&nbsp;48 million to
USD&nbsp;300 million, driven by higher levels of client activity.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><i><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Personal &amp; Corporate Banking</font></i></p>

<p style="margin:0cm;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;">Net interest income increased by USD&nbsp;18
million to USD&nbsp;511 million, mainly due to foreign currency translation
effects. On a Swiss franc basis, net interest income was stable. The increase
in net interest income was offset by a USD&nbsp;19 million decrease in
transaction-based income from foreign exchange and other intermediary activity.
</font></p>

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


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

<p style="margin:0cm;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;">Net interest income and other net
income from financial instruments measured at fair value through profit or loss
increased by USD&nbsp;516 million to USD&nbsp;1,610 million, predominantly
driven by Global Markets. Income increased in the Derivatives &amp; Solutions
and Execution &amp; Platform businesses, largely reflecting significantly higher
levels of client activity resulting from increased market volatility. </font></p>

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

<p style="margin:0cm;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;">Net interest income and other net
income from financial instruments measured at fair value through profit or loss
decreased by USD&nbsp;503 million to negative USD&nbsp;409 million. This was
partly driven by a USD&nbsp;348 million decrease in Group Treasury, reflecting
a net USD&nbsp;167 million loss in relation to accounting asymmetries including
hedge accounting ineffectiveness, compared with net positive income of USD&nbsp;140
million in the prior-year period. Lower net income of USD&nbsp;210 million in
Non-core and Legacy Portfolio was mainly due to valuation losses on auction
rate securities, compared with gains recognized in the first quarter of 2019.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 3 Net interest income&#8221; in the &#8220;Consolidated financial
statements&#8221; section of this report for more information about net interest
income</font></b></p>









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


<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">&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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Group performance </font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Net fee and
commission income</font></p>

<p style="margin:0cm;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;">Net fee and commission income was USD&nbsp;5,021
million, compared with USD&nbsp;4,132 million.</font></p>

<p style="margin:0cm;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;">Net brokerage fees increased by USD&nbsp;410
million to USD&nbsp;1,158 million, reflecting higher levels of client activity in
Global Wealth Management and the Investment Bank, following increased market
volatility.</font></p>

<p style="margin:0cm;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;">Investment fund fees and fees for portfolio
management and related services increased by USD&nbsp;373 million to USD&nbsp;3,354
million, predominantly in Global Wealth Management and Asset Management,
primarily reflecting higher average invested assets. </font></p>

<p style="margin:0cm;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;">M&amp;A and corporate finance fees increased
by USD&nbsp;101 million to USD&nbsp;218 million, primarily reflecting higher revenues
<br clear=all>
from mergers and acquisitions in our Global Banking business in the Investment
Bank, as a number of large transactions were closed in the first quarter of
2020, compared with a decline in the global fee pool of 15%. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 4 Net fee and commission income&#8221; in the
&#8220;Consolidated financial statements&#8221; section of this report for more information</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Other income</font></p>

<p style="margin:0cm;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;">Other income decreased by USD&nbsp;6
million to USD&nbsp;43 million. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 5 Other income&#8221; in the &#8220;Consolidated financial
statements&#8221; section of this report for more information</font></b></p>








<p style="margin:0cm;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:0cm;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>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Credit loss (expense) /
  recovery</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:28.5pt;">
  <td valign=bottom width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Wealth </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Management</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp; </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Banking</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Management</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Bank</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Functions</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended 31
  March 2020</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stages 1 and 2</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(62)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(89)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 3</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(41)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(62)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(60)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(179)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total credit loss (expense)
  / recovery</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(53)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(77)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(122)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(268)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended 31
  December 2019</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stages 1 and 2</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 3</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total credit loss (expense)
  / recovery</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(10)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended 31
  March 2019</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stages 1 and 2</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 3</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(9)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(15)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total credit loss (expense)
  / recovery</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(22)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(20)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>



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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Total net credit loss
expenses were USD&nbsp;268 million during the first quarter of 2020, compared
with USD&nbsp;20 million, reflecting net expenses of USD&nbsp;89 million
related to stages 1 and 2 positions and net expenses of USD&nbsp;179 million related
to credit-impaired (stage 3) positions.</font></p>

<p style="margin:0cm;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;">Stages 1 and 2 net credit loss expenses of
USD&nbsp;89 million include: (i) USD&nbsp;63 million of expenses that result
from certain lending positions to industries and sectors that were adversely
affected by COVID-19 and other market effects, in particular from
energy-related exposures (USD&nbsp;26 million) and securities financing
transactions with a number of real estate investment trusts (USD&nbsp;15
million); and (ii) USD&nbsp;26 million of expenses from systemic changes in scenarios
and scenario weights.</font></p>

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


</font><p style="margin:0cm;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;">Stage 3 net credit loss expenses totaled USD&nbsp;179
million. Stage 3 expenses in Personal &amp; Corporate Banking (USD&nbsp;62 million)
predominantly stem from a deterioration in the recoveries expected from loans to
corporate counterparties that were already credit-impaired at year-end 2019.
Stage 3 expenses in the Investment Bank (USD&nbsp;60 million) include a number
of credit-impaired positions from energy-related exposures (USD&nbsp;44
million) and securities financing transactions with a number of real estate
investment trusts (USD&nbsp;16 million). Stage 3 expenses in Global Wealth
Management (USD&nbsp;41 million) primarily relate to a small number of collateralized
lending positions. Stage 3 expenses in Group Functions (USD&nbsp;16 million) arose
from an energy-related exposure in the Non-core and Legacy Portfolio. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 10 Expected credit loss measurement&#8221; in the
&#8220;Consolidated financial statements&#8221; section of this report for more information
about credit loss expense / recovery</font></b></p>








<p style="margin:0cm;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:0cm;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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  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=24% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 <td width=1% style="border:none;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=15% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4Q19</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1Q19</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personnel expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,321&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,902&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,043&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: salaries and
  variable compensation</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,561&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,225&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,420&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: financial advisor
  compensation<sup>1</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,094&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,049&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;960&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: other personnel
  expenses<sup>2</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;666&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;628&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;662&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">General and administrative expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,133&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,618&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,187&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(30)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net expenses for
  litigation, regulatory and similar matters</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;104&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(94)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: other general and
  administrative expenses</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,127&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,513&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,195&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(26)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;456&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;480&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;427&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Amortization and impairment of goodwill and intangible assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;125&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(88)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating expenses</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,926&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,124&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,672&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:31.5pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:31.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1&nbsp;Financial advisor compensation consists of grid-based
  compensation based directly on compensable revenues generated by financial
  advisors and supplemental compensation calculated on the basis of financial
  advisor productivity, firm tenure, assets and other variables. It also
  includes expenses related to compensation commitments with financial advisors
  entered into at the time of recruitment that are subject to vesting
  requirements.&#160;&#160;&#160; 2&nbsp;Consists of expenses related to contractors, social
  security, pension and other post-employment benefit plans, and other
  personnel expenses. Refer to &#8220;Note 6 Personnel expenses&#8221; in the &#8220;Consolidated
  financial statements&#8221; section of this report for more information.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Operating
expenses: 1Q20 vs 1Q19</font></b></p>

<p style="margin:0cm;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;">Total operating expenses increased by
USD&nbsp;254 million, or 4%, to USD&nbsp;5,926 million. This included USD&nbsp;86
million of net restructuring expenses, compared with USD&nbsp;31 million in the
prior-year quarter. </font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Personnel expenses</font></p>

<p style="margin:0cm;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;">Personnel expenses increased by USD&nbsp;278
million to USD&nbsp;4,321 million, primarily reflecting higher salaries and variable
compensation, partly due to an increase in net restructuring expenses as well
as insourcing of certain activities from third-party vendors to our Business
Solutions Centers, and increased staffing to address regulatory requirements.
In addition, financial advisor compensation in Global Wealth Management
increased, driven by higher compensable revenues in the Americas. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;letter-spacing:-.1pt;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;letter-spacing:-.1pt;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light Bold" lang=EN-US style="font-size:7.5pt;letter-spacing:-.1pt;line-height:11.5pt;">Refer to &#8220;Note 6 Personnel expenses&#8221; in the &#8220;Consolidated
financial statements&#8221; section of this report for more information</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">General and administrative expenses</font></p>

<p style="margin:0cm;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;">General and administrative expenses decreased
by USD&nbsp;54 million to USD&nbsp;1,133 million. This was mainly driven by lower
outsourcing costs, travel and entertainment expenses, and professional fees,
partly offset by higher administration expenses.</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;"> &nbsp;</font></p>

<p style="margin:0cm;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;letter-spacing:-.1pt;line-height:11.5pt;">We believe that
the industry continues to operate in an environment in which expenses
associated with litigation, regulatory and similar matters will remain elevated
for the foreseeable future and we continue to be exposed to a number of
significant claims and regulatory matters. The outcome of many of these
matters, the timing of a resolution, and the potential effects of resolutions
on our future business, financial results or financial condition are extremely
difficult to predict.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 7 General and administrative expenses&#8221; in the
&#8220;Consolidated financial statements&#8221; section of this report for more information</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 16 Provisions and contingent liabilities&#8221; in the
&#8220;Consolidated financial statements&#8221; section of this report and to the &#8220;Regulatory
and legal developments&#8221; and &#8220;Risk factors&#8221; sections of our Annual Report 2019
for more information about litigation, regulatory and similar matters</font></b></p>

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


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

<p style="margin:0cm;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;">Depreciation and impairment of property,
equipment and software increased by USD&nbsp;29 million to USD&nbsp;456
million, mainly driven by higher expenses for capitalized internally generated software
and leased properties.</font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Tax: 1Q20 vs 1Q19</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">We recognized income
tax expenses of USD&nbsp;410 million for the first quarter of 2020,
representing an effective tax rate of 20.4%, compared with USD&nbsp;407 million
for the first quarter of 2019.</font></p>

<p style="margin:0cm;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;">Current tax expenses were USD&nbsp;222
million, compared with USD&nbsp;170 million, and related to taxable profits of
UBS Switzerland AG and other entities.</font></p>

<p style="margin:0cm;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;">Deferred tax expenses were USD&nbsp;188
million, compared with USD&nbsp;237 million. These primarily reflect the
amortization of deferred tax assets (DTAs) previously recognized in relation to
tax losses carried forward and deductible temporary differences, including the
amortization of US tax loss DTAs at the level of UBS Americas Inc.</font></p>

<p style="margin:0cm;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;">We expect a tax rate of around 25% for the
remaining nine months of 2020, excluding any potential effects from the
reassessment of deferred tax assets in connection with our business planning
process.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 8 Income taxes&#8221; in the &#8220;Consolidated financial
statements&#8221; section of this report for more information</font></b></p>




<p style="margin:0cm;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:0cm;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="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;">&nbsp;</font></p>

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 <p style="border:none;margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Group performance </font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Total comprehensive income attributable to shareholders: 1Q20 vs 1Q19</font></b></p>

<p style="margin:0cm;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;">Total comprehensive income
attributable to shareholders was USD&nbsp;4,197 million, compared with USD&nbsp;1,037
million. Net profit attributable to shareholders was USD&nbsp;1,595 million,
compared with USD&nbsp;1,141 million, and other comprehensive income (OCI)
attributable to shareholders, net of tax, was positive USD&nbsp;2,602 million,
compared with negative USD&nbsp;104 million.</font></p>

<p style="margin:0cm;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;">In the first quarter of 2020, OCI related to
cash flow hedges was positive USD&nbsp;1,505 million, mainly reflecting an
increase in unrealized gains on US dollar hedging derivatives resulting from significant
decreases in the relevant US dollar long-term interest rates. In the first
quarter of 2019, OCI related to cash flow hedges was positive USD&nbsp;459
million.</font></p>

<p style="margin:0cm;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;">OCI related to own credit on financial
liabilities designated at fair value was positive USD&nbsp;934 million,
compared with negative USD&nbsp;318 million, primarily due to a significant
widening of our own credit spreads in the first quarter of 2020 driven by
economic effects of the COVID-19 pandemic.</font></p>

<p style="margin:0cm;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;">Defined benefit plan OCI was positive USD&nbsp;153
million, compared with negative USD&nbsp;179 million. The positive OCI in the
first quarter of 2020 was mainly due to net tax benefits of USD&nbsp;143
million, primarily following the recognition of deferred tax assets in respect
of UK tax losses carried forward that relate to previous contributions to the
UK defined benefit plans. </font></p>

<p style="margin:0cm;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;letter-spacing:.1pt;line-height:11.5pt;">Pre-tax OCI for
defined benefit plans was a gain of USD&nbsp;10 million, as an OCI gain of USD&nbsp;247
million related to UK defined benefit plans was largely offset by an OCI loss
of USD&nbsp;242 million related to our Swiss pension plan. The OCI gain related
to UK defined benefit plans was primarily driven by a decrease in the defined
benefit obligation as the applicable discount rate, which is determined by
reference to the rates of return on high-quality corporate bonds, increased.</font></p>

<p style="margin:0cm;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 net pre-tax OCI loss of USD&nbsp;242
million related to the Swiss pension plan was driven by an extraordinary
employer contribution of USD&nbsp;235 million that increased the gross plan
assets, but led to an OCI loss as no net pension asset could be recognized on
the balance sheet as of 31</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">&nbsp;</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">March
2020 due to the asset ceiling. As announced in 2018, UBS agreed to mitigate the
effects from changes to the Swiss pension plan implemented in 2019 by
contributing up to USD&nbsp;746 million in three installments in 2020, 2021 and
2022. The extraordinary contribution of USD&nbsp;</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">2</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">35 million in the first quarter of 2020 reflects the first
installment paid.</font></p>

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


</font><p style="margin:0cm;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;">OCI associated with financial assets measured
at fair value through OCI was positive USD&nbsp;147 million, compared with
positive USD&nbsp;62 million, and primarily reflected net unrealized gains of USD&nbsp;208
million following decreases in the relevant US dollar long-term interest rates
in the first quarter of 2020, partly offset by a net tax expense of USD&nbsp;51
million.</font></p>

<p style="margin:0cm;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;">Foreign currency translation OCI was negative
USD&nbsp;145 million in the first quarter of 2020, mainly resulting from the
weakening of the euro (&#8211;2%), the Australian dollar (&#8211;12%) and the pound
sterling (&#8211;6%) against the US dollar. OCI related to foreign currency
translation in the same quarter of last year was negative USD&nbsp;128 million.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Statement of comprehensive income&#8221; in the &#8220;Consolidated
financial statements&#8221; section of this report for more information</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 11 Fair value measurement&#8221; in the &#8220;Consolidated
financial statements&#8221; section of this report for more information about own
credit on financial liabilities designated at fair value</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 29 Pension and other post-employment benefit plans&#8221;
in the &#8220;Consolidated financial statements&#8221; section of our Annual Report 2019
for more information about other comprehensive income related to defined
benefit plans</font></b></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Sensitivity to interest rate movements</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">As of 31 March 2020,
we estimate that a parallel shift in yield curves by plus 100 basis points
could lead to a combined increase in annual net interest income of
approximately USD&nbsp;1.2 billion in Global Wealth Management and Personal
&amp; Corporate Banking. A parallel shift in yield curves by minus 100 basis
points could lead to a combined reduction in annual net interest income of
approximately USD&nbsp;0.6 billion. </font></p>

<p style="margin:0cm;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;">These estimates are based on a hypothetical
scenario of an immediate change in interest rates, equal across all currencies
and relative to implied forward rates as of 31 March 2020 applied to our
banking book. These estimates further assume no change to balance sheet size
and structure, constant foreign exchange rates and no specific management
action. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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&nbsp;</font></b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;"> </font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">to the &#8220;Risk management and control&#8221; section of this report for
information about interest rate risk in the banking book</font></b></p>








<p style="margin:0cm;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 style="border:none;margin:0cm;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="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;">14</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;">&nbsp;</font></p>

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 <p style="border:none;margin:0cm;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 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 style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Key figures and
personnel</font></b></p>

<p style="margin:0cm;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;">Below we provide an overview of selected
key figures of the Group. For further information about key figures related to
capital management, refer to the &#8220;Capital management&#8221; section of this report. </font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Cost / income ratio: 1Q20 vs 1Q19</font></p>

<p style="margin:0cm;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 cost / income ratio was 72.3%,
compared with 78.4%, driven mainly by an increase in income. The cost / income
ratio is measured based on income before credit loss expenses.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Common equity tier 1 capital: 1Q20 vs 4Q19</font></p>

<p style="margin:0cm;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;">During the first quarter of 2020, our
common equity tier 1 (CET1) capital increased by USD&nbsp;1.1 billion to USD&nbsp;36.7
billion, mainly as a result of operating profit before tax and compensation-related
and own shares-related capital components, partly offset by share repurchases
under our share repurchase program, accruals for capital returns to
shareholders, a special contribution to the Swiss pension plan, current tax
expense and foreign currency translation effects.&nbsp;</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Return on CET1 capital: 1Q20 vs 1Q19</font></p>

<p style="margin:0cm;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 annualized return on CET1 capital
(RoCET1) was 17.7%, compared with 13.3%, driven by an increase in net profit
attributable to shareholders.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Risk-weighted assets: 1Q20 vs 4Q19</font></p>

<p style="margin:0cm;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;">Risk-weighted assets (RWA) increased
by USD&nbsp;27.0 billion to USD&nbsp;286.3 billion. This increase was mainly
driven by increases from asset size and other movements of USD&nbsp;27.4
billion, reflecting higher credit-risk RWA and higher market risk RWA. In
addition, there were increases from methodology and policy changes of USD&nbsp;2.9
billion and from regulatory add-ons of USD&nbsp;0.5 billion. These effects were
partly offset by currency effects of USD&nbsp;1.9 billion and a decrease due to
model updates of USD&nbsp;1.8 billion.</font></p>

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


</font><p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Common equity
tier 1 capital ratio: 1Q20 vs 4Q19</font></p>

<p style="margin:0cm;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;">Our CET1 capital ratio decreased from
13.7% to 12.8%, reflecting the aforementioned USD&nbsp;27.0 billion increase in
RWA, partly offset by a USD&nbsp;1.1 billion increase in CET1 capital. </font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Leverage ratio denominator (excluding temporary
exemption from FINMA): 1Q20 vs 4Q19</font></p>

<p style="margin:0cm;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 leverage ratio denominator (LRD)
increased by USD&nbsp;45 billion to USD&nbsp;956 billion. This increase was
driven by an increase in asset size and other movements of USD&nbsp;53 billion,
mainly reflecting increased derivative exposures, higher cash and balances with
central banks, and securities financing transactions. This increase was partly
offset by currency effects of USD&nbsp;8 billion.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Common equity tier 1 leverage ratio
(excluding temporary exemption from FINMA): 1Q20 vs 4Q19</font></p>

<p style="margin:0cm;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;">Our CET1 leverage ratio decreased
from 3.90% to 3.84% in the first quarter of 2020, as the aforementioned USD&nbsp;45
billion increase in the LRD was partly offset by the aforementioned
USD&nbsp;1.1 billion increase in CET1 capital. </font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Going concern leverage ratio (excluding temporary
exemption from FINMA): 1Q20 vs 4Q19</font></p>

<p style="margin:0cm;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;">Our going concern leverage ratio
decreased from 5.7% to 5.4%, driven by the aforementioned USD&nbsp;45 billion
increase in the LRD. </font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Personnel: 1Q20 vs 4Q19</font></p>

<p style="margin:0cm;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;">We employed 69,437 personnel
(full-time equivalents) as of 31&nbsp;March 2020, a net increase of 836 compared
with 31&nbsp;December 2019, mainly driven by the ongoing insourcing of certain
activities from third-party vendors to our Business Solutions Centers, as well
as staffing to address regulatory requirements. </font></p>








<p style="margin:0cm;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:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
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  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Return on equity and CET1
  capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
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  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
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  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
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<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million, except where
  indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=75% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss) attributable to shareholders</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,595&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;722&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,141&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=75% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity attributable to shareholders</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;57,949&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54,533&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,667&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Less: goodwill and intangible assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,407&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,469&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,621&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tangible equity attributable to shareholders</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;51,542&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;48,064&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47,046&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Less: other CET1 deductions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14,851&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,482&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,388&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,691&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,582&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34,658&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=75% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Returns</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on equity (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.3&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.2&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on tangible equity (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.8&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.9&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on common equity tier 1 capital (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17.7&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.2&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;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:0cm;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="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;">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;line-height:normal;"></font></font></font><font style="border:none;">&nbsp;</font></p>

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</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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Group performance </font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Net new money and invested assets</font></p>

<p style="margin:0cm;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;">Management&#8217;s discussion and analysis
of net new money and invested assets is provided in the &#8220;UBS business divisions
and Group Functions&#8221; section of this report.</font></p>

<p style="margin:0cm;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 title="Print_Area" 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Net new money<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=24% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth Management</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.6&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4.7)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset Management</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32.7&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.4)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: excluding money
  market flows</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22.8&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.6&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2.3)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: money market flows</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.9&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5.0)&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.3&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Net new money excludes interest and dividend income.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Invested assets</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=24% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of</font></p>
  </td>
 <td width=1% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=16% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth Management</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,339&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,635&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,432&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=58% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset Management</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;832&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;903&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;824&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=58% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: excluding money
  market funds</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;720&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;801&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;726&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(10)&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=58% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: money market funds</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;111&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;102&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;98&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>



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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The COVID-19 pandemic
and the measures taken to contain it have dramatically changed the global
economic outlook for the foreseeable future. Global GDP is expected to contract
in the near term. </font></p>

<p style="margin:0cm;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 disruption to many businesses and rising
unemployment as a result of the pandemic are expected to lead to elevated
levels of credit loss expenses for the industry. The majority of our credit
exposures are either with our Global Wealth Management clients or within
Switzerland, and are of high quality. We are confident that Switzerland&#8217;s
proven ability to deploy effective crisis management measures will help it withstand
this shock to the economy. </font></p>

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


</font><p style="margin:0cm;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;">Looking ahead, the range of possible outcomes
remains very wide, and it is too early to make reliable predictions about the
timing and shape of any potential economic recovery. Lower asset prices will
reduce our recurring fee income, lower interest rates will present a headwind
to net interest income, and client activity levels will likely decrease,
affecting transaction-based income. The continued disciplined execution of our
strategic plans will help to mitigate this.</font></p>

<p style="margin:0cm;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;">We are focused on supporting our employees,
clients and the economies in which we operate while executing on our strategic
plans, and maintaining our disciplined approach to managing risks across the
firm.</font></p>








<p style="margin:0cm;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:0cm;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;">&#160;&nbsp;</font></p>









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<p style="margin-bottom:28.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:70.0pt;line-height:70.0pt;">UBS business<br>
divisions <br>
and Group Functions</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:12.0pt;letter-spacing:-.55pt;">&#160;</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:12.0pt;">Management report</font></p>










<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="Wealth_Management"></a></p>
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 <p style="border:none;margin:0cm;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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Global Wealth
 Management</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">Global Wealth Management</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.75pt;">
  <td colspan=3 width=71% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Global Wealth Management<sup>1</sup></font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=21% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter ended</font></p>
  </td>
 <td width=1% style="border:none;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million, except where indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4Q19</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1Q19</font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td width=63% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Results</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,031&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;993&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,009&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Recurring net fee income<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,434&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,354&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,218&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Transaction-based income<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,113&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;789&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;765&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(9)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,600&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,160&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,003&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(53)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(10)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;444&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,547&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,150&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,003&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating expenses</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,329&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,384&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,140&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Business division operating profit
  / (loss) before tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,218&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;766&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;863&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;59&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td width=63% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Performance measures and
  other information</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Recurring income<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,465&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,348&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,227&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Recurring income as a percentage of income (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;75.3&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;80.5&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;80.6&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial advisor variable compensation<sup>5,6</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;964&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;913&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;816&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Compensation commitments with recruited financial advisors<sup>5,7</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;130&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;137&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;144&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(10)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Pre-tax profit growth (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41.1&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;134.3&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(21.7)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cost / income ratio (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;72.4&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;81.4&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;78.4&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Average attributed equity (USD billion)<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.5&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.6&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.4&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on attributed equity (%)<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29.6&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.5&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21.1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Risk-weighted assets (USD billion)<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;78.8&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;78.1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;76.9&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator (USD billion)<sup>8,9</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;310.6&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;312.7&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;325.9&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Goodwill and intangible assets (USD billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.1&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net new money (USD billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.6&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4.7)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22.3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Invested assets (USD billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,339&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,635&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,432&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net margin on invested assets (bps)<sup>10</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;64&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Gross margin on invested assets (bps)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;74&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;65&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;68&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Client assets (USD billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,591&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,909&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,709&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans, gross (USD billion)<sup>11</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;184.6&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;179.3&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;174.3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Customer deposits (USD billion)<sup>11,12</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;310.9&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;296.1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;283.2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Recruitment loans to financial advisors<sup>5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,997&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,053&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,264&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(12)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other loans to financial advisors<sup>5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;703&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;824&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;894&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(15)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(21)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Advisors (full-time equivalents)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,983&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10,077&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10,573&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:49.5pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:49.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Comparatives may differ as a result of adjustments following
  organizational changes, restatements due to the retrospective adoption of new
  accounting standards or changes in accounting policies, and events after the
  reporting period.&#160;&#160;&#160; 2 Recurring net fee income consists of fees for services
  provided on an ongoing basis, such as portfolio management fees, asset-based
  investment fund fees, custody fees and account-keeping fees, which are
  generated on client assets.&#160;&#160;&#160; 3&nbsp;Transaction-based income consists of
  the non-recurring portion of net fee and commission income, mainly composed
  of brokerage and transaction-based investment fund fees, as well as credit
  card fees and fees for payment transactions, together with Other net income
  from financial instruments measured at fair value through profit or loss.&#160;&#160;&#160;
  4&nbsp;Recurring income consists of net interest income and recurring net fee
  income.&#160;&#160;&#160; 5&nbsp;Relates to licensed professionals with the ability to
  provide investment advice to clients in the Americas.&#160;&#160;&#160; 6 Financial advisor
  variable compensation consists of formulaic compensation based directly on
  compensable revenues generated by financial advisors and supplemental
  compensation calculated on the basis of financial advisor productivity, firm
  tenure, new assets and other variables.&#160;&#160;&#160; 7 Compensation commitments with
  recruited financial advisors represent expenses related to compensation
  commitments granted to financial advisors at the time of recruitment that are
  subject to vesting requirements.&#160;&#160;&#160; 8 Refer to the &#8220;Capital management&#8221;
  section of this report for more information.&#160;&#160;&#160; 9 The leverage ratio
  denominator as of 31 March 2020 does not reflect the effect of the temporary
  exemption granted by FINMA in connection with COVID-19. Refer to the &#8220;Recent
  developments&#8221; section of this report for more information.&#160;&#160;&#160; 10 Calculated
  as operating profit before tax (annualized as applicable) divided by average
  invested assets.&#160;&#160;&#160; 11 Loans and Customer deposits in this table include
  customer brokerage receivables and payables, respectively, which are
  presented in a separate reporting line on the balance sheet.&#160;&#160;&#160; 12
  Comparatives have been restated to reflect a reclassification of balances
  from Group Functions, with no impact on customer deposits reported for the
  Group. This has resulted in an increase in customer deposits reported for
  Global Wealth Management of USD 8.4 billion as of 31 March 2019.</font></p>
  </td>
 </tr>
</table></div>












<p style="margin:0cm;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-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="Wealth_Management_bclEnd"></a></p>
<DIV bclFooter>

 <p style="border:none;margin:0cm;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="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;">18</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_24"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Results: 1Q20 vs 1Q19</font></b></p>

<p style="margin:0cm;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;">Profit before tax increased by USD&nbsp;355
million, or 41%, to USD&nbsp;1,218 million, reflecting higher operating income,
partly offset by higher operating expenses.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Operating income</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Total operating
income increased by USD&nbsp;544 million, or 14%, to USD&nbsp;4,547 million,
mainly driven by higher transaction-based and recurring net fee income, partly
offset by higher credit loss expenses.</font></p>

<p style="margin:0cm;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;">Net interest income increased by USD&nbsp;22
million, or 2%, to USD&nbsp;1,031 million, mainly reflecting growth in lending revenues,
partly offset by lower deposit revenues, despite higher deposit volumes, as a
result of lower US dollar interest rates. </font></p>

<p style="margin:0cm;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;">Recurring net fee income increased by USD&nbsp;216
million, or 10%, to USD&nbsp;2,434 million, primarily reflecting higher invested
assets at the beginning of the year.</font></p>

<p style="margin:0cm;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;">Transaction-based income increased by USD&nbsp;348
million, or 46%, to USD&nbsp;1,113 million, driven by higher levels of client
activity in all regions throughout the first quarter of 2020, with improved
volumes in structured products, equities and foreign currencies.</font></p>

<p style="margin:0cm;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;">Net credit loss expenses were USD&nbsp;53
million, mainly representing stage 3 net credit loss expenses of USD&nbsp;41
million from a small number of collateralized lending positions and to a minor extent other exposures. Stage
1 and 2 credit loss expenses were USD&nbsp;12 million, compared with recoveries
of USD&nbsp;3 million. </font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Operating expenses</font></p>

<p style="margin:0cm;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;">Total operating expenses increased by USD&nbsp;189 million,
or 6%, to USD&nbsp;3,329 million. This increase was mainly driven by higher
financial advisor variable compensation, reflecting higher compensable revenues
in the Americas, and higher restructuring expenses. </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:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Invested assets: 1Q20 vs 4Q19</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Invested assets
decreased by USD&nbsp;296 billion, or 11%, to USD&nbsp;2,339 billion, driven by
negative market performance of USD&nbsp;296 billion and negative currency
effects of USD&nbsp;12 billion, partly offset by net new money inflows of USD&nbsp;12
billion.</font></p>

<p style="margin:0cm;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;">Net new money includes outflows of USD&nbsp;16
billion related to our deposit program, of which USD&nbsp;10 billion was in
Swiss franc and euro customer deposits and USD&nbsp;6 billion in other invested
assets.</font></p>

<p style="margin:0cm;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;">Mandate penetration decreased to 33.8% from 34.3%, reflecting
market effects that had a proportionally greater impact on mandate volume than
on overall invested assets. </font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Loans: 1Q20
vs 4Q19</font></b></p>

<p style="margin:0cm;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;">Loans increased by USD&nbsp;5.3 billion, or 3%, to USD&nbsp;184.6
billion, primarily driven by net new loans of USD&nbsp;3.9 billion, mainly
supported by our Global Family Office function. Net new loans were
predominantly driven by an increase in Lombard lending. The transfer of the
aircraft leasing business from Personal &amp; Corporate Banking increased loans
by USD&nbsp;1.6 billion. </font></p>

<p style="margin:0cm;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;">Loan penetration increased to 7.9% from 6.8%,
driven by the aforementioned increase in loans and reduction in invested assets.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Recent developments&#8221; section of this report for more
information about the transfer of the aircraft leasing business</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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 this report
for more information</font></b></p>




<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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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 Management</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td colspan=3 width=64% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Regional breakdown of performance measures</font></b></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td valign=bottom width=40% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter
  ended 31.3.20</font></i></p>
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion, except where
  indicated</font></i></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Americas<sup>1</sup></font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Switzerland</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">EMEA<sup>2</sup></font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asia Pacific</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth Management<sup>3</sup></font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=40% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating income (USD million)</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,392&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;440&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;916&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;795&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,547&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=40% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating expenses (USD million)</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,012&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;256&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;657&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;397&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,329&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=40% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit / (loss) before tax (USD million)</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;380&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;184&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;259&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;398&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,218&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=40% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cost / income ratio (%)</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;83.1&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;57.4&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;70.4&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;49.8&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;72.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=40% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans, gross</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;62.3</font></b><sup><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">4</font></b></sup></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37.1&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;38.7&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;44.1&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;184.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=40% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net new loans</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.2)&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.0&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.0&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.1&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=40% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loan penetration (%)<sup>5</sup></font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.1&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.1&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.8&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10.8&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=40% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Mandate volume</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;472&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;77&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;185&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;57&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;790&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=40% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Mandate penetration (%)<sup>5</sup></font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;38.4&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37.3&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37.2&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.0&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33.8&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=40% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Invested assets</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,229&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;205&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;496&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;406&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,339&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=40% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net new money</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.3&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.8&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.3&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.5&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=40% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Advisors (full-time equivalents)</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,496&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;727&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,635&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,013&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,983&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td colspan=6 valign=top width=100% style="border:none;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Including business units: United States and Canada; Latin
  America.&#160;&#160;&#160; 2 Including business units: Europe; Central and Eastern Europe,
  Greece and Israel; Middle East and Africa.&#160;&#160;&#160; 3 Including minor functions,
  which are not included in the four regions individually presented in this
  table, with USD 3 million of total operating income, USD 7 million of total
  operating expenses, USD 3 million of operating loss before tax, USD&nbsp;2.4
  billion of loans, USD 0.0 billion of net new loan outflows, USD 0.3 billion
  of mandate volume, USD 3 billion of invested assets, USD 0.2 billion of net
  new money outflows, and 113 advisors in the first quarter of 2020.&#160;&#160;&#160; 4 Loans
  include customer brokerage receivables, which are presented in a separate
  reporting line on the balance sheet.&#160;&#160;&#160; 5&nbsp;Penetration as % of invested
  assets.</font></p>
  </td>
 </tr>
</table></div>



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








<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Regional
comments 1Q20 vs 1Q19, except where indicated </font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Americas</font></p>

<p style="margin:0cm;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;">Profit before tax increased by USD&nbsp;52 million to USD&nbsp;380
million, reflecting higher operating income that was partly offset by higher
operating expenses, mainly due to higher compensable revenues for financial
advisors. Operating income increased by USD&nbsp;222 million to USD&nbsp;2,392
million, mainly driven by an increase in recurring fees. Loan volume decreased
slightly compared with the fourth quarter of 2019, to USD&nbsp;62 billion, due
to deleveraging at the end of the first quarter of 2020. Mandate penetration
was 38.4%.</font></p>

<p style="margin:0cm;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 a result of collaborative efforts between
the business divisions on separately managed accounts, Global Wealth Management helped to generate nearly USD&nbsp;9
billion of net new money flows into Asset Management
strategies in the Americas</font><font color=black 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:0cm;margin-left:0cm;margin-right:0cm;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;">Switzerland</font></p>

<p style="margin:0cm;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;">Profit before tax increased by USD&nbsp;48
million to USD&nbsp;184 million, reflecting higher operating income partly
offset by higher operating expenses. Operating income increased by USD&nbsp;54
million to USD&nbsp;440 million, mainly driven by higher transaction-based income.
Loans increased 3% compared with the fourth quarter of 2019, to USD&nbsp;37
billion, reflecting USD&nbsp;1 billion of net new loans. Mandate penetration
was 37.3%.</font></p>

<p style="margin:0cm;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>

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


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

<p style="margin:0cm;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;">Profit before tax increased by USD&nbsp;26
million to USD&nbsp;259 million, reflecting higher operating income partly
offset by higher operating expenses. Operating income increased by USD&nbsp;43
million to USD&nbsp;916 million, mainly driven by transaction-based income
increases across the three business units (Europe; Central and Eastern Europe,
Greece and Israel; Middle East and Africa). Loan volumes increased 4% compared with
the fourth quarter of 2019, to USD&nbsp;39 billion, reflecting USD&nbsp;2
billion of net new loans. Mandate penetration was 37.2%.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Asia Pacific</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Profit before tax
increased by USD&nbsp;215 million to USD&nbsp;398 million, reflecting higher
operating income and lower operating expenses. Operating income increased by USD&nbsp;213
million to USD&nbsp;795 million, mainly driven by higher transaction-based
income. Loan volumes increased 2% compared with the fourth quarter</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> </font><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">of 2019, to USD&nbsp;44 billion, reflecting
USD&nbsp;1 billion of net new loans, despite deleveraging at the end of the
quarter. Mandate penetration was 14.0%. </font></p>

<p style="margin:0cm;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:0cm;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:0cm;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;">&#160;&nbsp;</font></p>








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

 <p style="border:none;margin:0cm;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="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;">20</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;">&nbsp;</font></p>

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<DIV bclHeader>

 <p style="border:none;margin:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">Personal &amp;
Corporate Banking</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Personal &amp; Corporate
  Banking &#8211; in Swiss francs<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=21% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter ended</font></p>
  </td>
 <td width=1% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4Q19</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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1Q19</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=63% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Results</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;493&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;494&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;491&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Recurring net fee income<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;170&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;164&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;155&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Transaction-based income<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;264&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;189&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;282&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;40&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(18)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;946&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;861&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;952&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(74)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;871&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;868&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;954&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(9)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating expenses</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;549&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;562&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;568&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Business division operating
  profit / (loss) before tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;322&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;306&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;385&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=63% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Performance measures and
  other information</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Average attributed equity (CHF billion)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.4&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.4&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on attributed equity (%)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15.3&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.5&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.5&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Pre-tax profit growth (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16.4)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(52.4)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cost / income ratio (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;58.0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;65.3&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;59.7&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest margin (bps)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;149&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;149&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;150&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Risk-weighted assets (CHF billion)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;65.0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;65.0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;64.0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator (CHF billion)<sup>4,5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;218.3&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;217.1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;210.7&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Business volume for personal banking (CHF billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;168&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;168&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;159&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net new business volume for personal banking (CHF billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.2&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net new business volume growth for personal banking (%)<sup>6</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.6&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.8&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Goodwill and intangible assets (CHF billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Client assets (CHF billion)<sup>7</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;640&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;685&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;674&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans, gross (CHF billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;132.8&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;132.2&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;131.5&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Customer deposits (CHF billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;153.0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;150.5&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;143.5&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td nowrap width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Secured loan portfolio as a percentage of total loan portfolio,
  gross (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;91.6&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;92.6&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;91.9&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Impaired loan portfolio as a percentage of total loan portfolio,
  gross (%)<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:32.25pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:32.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Comparatives may differ as a result of adjustments following
  organizational changes, restatements due to the retrospective adoption of new
  accounting standards or changes in accounting policies, and events after the
  reporting period.&#160;&#160;&#160; 2 Recurring net fee income consists of fees for services
  provided on an ongoing basis, such as portfolio management fees, asset-based
  investment fund fees, custody fees and account-keeping fees, which are
  generated on client assets.&#160;&#160;&#160; 3 Transaction-based income consists of the
  non-recurring portion of net fee and commission income, mainly composed of
  brokerage and transaction-based investment fund fees, as well as credit card
  fees and fees for payment transactions, together with Other net income from
  financial instruments measured at fair value through profit or loss.&#160;&#160;&#160; 4
  Refer to the &#8220;Capital management&#8221; section of this report for more
  information.&#160;&#160;&#160; 5&nbsp;The leverage ratio denominator as of 31 March 2020
  does not reflect the effect of the temporary exemption granted by FINMA in
  connection with COVID-19. Refer to the &#8220;Recent developments&#8221; section of this
  report for more information.&#160;&#160;&#160; 6&nbsp;Calculated as net new business volume
  for the period (annualized as applicable) divided by business volume at the
  beginning of the period.&#160;&#160;&#160; 7 Client assets are comprised of invested assets
  and other assets held purely for transactional purposes or custody only. We
  do not measure net new money for Personal &amp; Corporate Banking.&#160;&#160;&#160;
  8&nbsp;Refer to the &#8220;Risk management and control&#8221; section of this report for
  more information about (credit-)impaired exposures.</font></p>
  </td>
 </tr>
</table></div>



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


<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">&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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Personal &amp;
 Corporate Banking</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Results</font></b><b><font color=red face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">: </font></b><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">1Q20 vs 1Q19</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Profit before tax decreased by CHF&nbsp;63 million, or
16%, to CHF&nbsp;322 million, mainly driven by higher credit loss expenses,
partly offset by lower operating expenses. </font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Operating income</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">Total operating income decreased by
CHF&nbsp;83 million, or 9%, to CHF&nbsp;871 million, predominantly reflecting
higher net credit loss expenses.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">Net interest income was stable at CHF&nbsp;493
million.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">Recurring net fee income increased by CHF&nbsp;15
million to CHF&nbsp;170 million, driven by higher custody fees, mainly
resulting from the shift of CHF&nbsp;6 billion of business volume from Global
Wealth Management to Personal &amp; Corporate Banking in the fourth quarter of
2019.</font></p>

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


</font><p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">Transaction-based
income decreased by CHF&nbsp;18 million to CHF&nbsp;264 million, mainly
reflecting lower fees in
the Corporate Clients area.
</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">Other income decreased by CHF&nbsp;4 million
to CHF&nbsp;19 million, mainly reflecting lower revenues from our equity
participations.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">Net credit loss expenses were CHF&nbsp;74
million for the first quarter of 2020. Stage 1 and 2 credit loss expenses were
CHF&nbsp;15 million, mainly resulting from systemic changes in scenarios and
scenario weights. Stage 3 credit loss expenses were CHF&nbsp;60 million, which </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">predominantly stem from a deterioration in the recoveries expected
from loans to corporate counterparties that were already credit-impaired at
31&nbsp;December 2019</font><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">.&nbsp;</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Operating expenses</font></p>

<p style="margin:0cm;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;">Total operating expenses decreased by
CHF&nbsp;19 million, or 3%, to CHF&nbsp;549 million, mainly reflecting lower
variable compensation</font><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">.&nbsp;</font></p>








<p style="margin:0cm;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:10.5pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Personal &amp; Corporate
  Banking &#8211; in US dollars<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=22% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter ended</font></p>
  </td>
 <td width=1% style="border:none;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million, except where
  indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4Q19</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1Q19</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=62% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Results</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;511&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;501&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;493&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Recurring net fee income<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;177&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;167&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;156&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Transaction-based income<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;274&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;191&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;283&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;44&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;981&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;873&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;955&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(77)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;904&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;881&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;957&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating expenses</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;570&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;571&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;570&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Business division operating
  profit / (loss) before tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;334&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;310&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;387&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(14)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=62% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Performance measures and
  other information</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Average attributed equity (USD billion)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.7&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.5&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on attributed equity (%)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15.3&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.5&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.5&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Pre-tax profit growth (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13.5)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(51.8)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5.2)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cost / income ratio (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;58.0&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;65.4&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;59.7&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest margin (bps)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;149&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;149&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;149&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Risk-weighted assets (USD billion)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;67.4&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;67.1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;64.3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator (USD billion)<sup>4,5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;226.5&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;224.2&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;211.6&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Business volume for personal banking (USD billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;174&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;174&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;160&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net new business volume for personal banking (USD billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.3&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net new business volume growth for personal banking (%)<sup>6</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.7&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.7&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Goodwill and intangible assets (USD billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Client assets (USD billion)<sup>7</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;665&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;708&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;677&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans, gross (USD billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;137.9&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;136.6&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;132.0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Customer deposits (USD billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;158.8&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;155.5&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;144.1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Secured loan portfolio as a percentage of total loan portfolio,
  gross (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;91.6&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;92.6&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;91.9&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Impaired loan portfolio as a percentage of total loan portfolio,
  gross (%)<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.0&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:51.75pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:51.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Comparatives may differ as a result of adjustments following
  organizational changes, restatements due to the retrospective adoption of new
  accounting standards or changes in accounting policies, and events after the
  reporting period.&#160;&#160;&#160; 2 Recurring net fee income consists of fees for services
  provided on an ongoing basis, such as portfolio management fees, asset-based
  investment fund fees, custody fees and account-keeping fees, which are
  generated on client assets.&#160;&#160;&#160; 3&nbsp;Transaction-based income consists of
  the non-recurring portion of net fee and commission income, mainly composed
  of brokerage and transaction-based investment fund fees, as well as credit
  card fees and fees for payment transactions, together with Other net income
  from financial instruments measured at fair value through profit or loss.&#160;&#160;&#160;
  4&nbsp;Refer to the &#8220;Capital management&#8221; section of this report for more
  information.&#160;&#160;&#160; 5&nbsp;The leverage ratio denominator as of 31 March 2020
  does not reflect the effect of the temporary exemption granted by FINMA in
  connection with COVID-19. Refer to the &#8220;Recent developments&#8221; section of this
  report for more information.&#160;&#160;&#160; 6&nbsp;Calculated as net new business volume
  for the period (annualized as applicable) divided by business volume at the
  beginning of the period.&#160;&#160;&#160; 7 Client assets are comprised of invested assets
  and other assets held purely for transactional purposes or custody only. We
  do not measure net new money for Personal &amp; Corporate Banking.&#160;&#160;&#160;
  8&nbsp;Refer to the &#8220;Risk management and control&#8221; section of this report for
  more information about (credit-)impaired exposures.</font></p>
  </td>
 </tr>
</table></div>










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<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">Asset Management<a name="Global_Asset_Management"></a><a name="Global_Asset_Management_bclEnd"></a></font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:12.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Asset Management<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
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 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=21% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter ended</font></p>
  </td>
 <td width=1% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million, except where
  indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4Q19</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1Q19</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=63% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Results</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net management fees<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;477&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;455&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;419&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Performance fees</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;96&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(62)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;514&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;551&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;446&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating expenses</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;357&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;371&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;343&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Business division operating
  profit / (loss) before tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;157&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;180&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;103&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;52&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=63% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Performance measures and
  other information</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Average attributed equity (USD billion)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.8&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.8&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.8&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on attributed equity (%)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34.4&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;40.3&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23.0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Pre-tax profit growth (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;51.7&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;69.7&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.8)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cost / income ratio (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;69.5&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;67.4&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;76.8&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Risk-weighted assets (USD billion)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.6&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.8&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;24&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator (USD billion)<sup>3,4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.9&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Goodwill and intangible assets (USD billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.3&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.4&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net margin on invested assets (bps)<sup>5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;40&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Gross margin on invested assets (bps)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;24&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;25&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=63% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Information by business line
  / asset class</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net new money (USD billion)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.5&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.3&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Fixed Income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.6&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(9.4)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5.5)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: money market</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.9&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5.0)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.3&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Multi-asset &amp; Solutions</font></p>
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 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.5&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.0)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Hedge Fund Businesses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2.2)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.5)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Real Estate &amp; Private Markets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.3&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.2&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.7&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total net new money</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32.7&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.4)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net new money
  excluding money markets</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22.8&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.6&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2.3)&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=63% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Invested assets (USD
  billion)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;301&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;367&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;310&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(18)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Fixed Income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;265&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;253&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;250&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: money market</font></i></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;111&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;102&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;98&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></i></p>
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 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Multi-asset &amp; Solutions</font></p>
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 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;140&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;155&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;138&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(10)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Hedge Fund Businesses</font></p>
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 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;42&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;43&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(10)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Real Estate &amp; Private Markets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;87&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;86&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;82&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total invested assets</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;832&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;903&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;824&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: passive strategies</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;324&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;374&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;327&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(14)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
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 </tr>
<tr style="height:4.5pt;">
  <td width=63% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=7% style="background:white;border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
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<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Information by region</font></b></p>
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 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
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 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Invested assets (USD
  billion)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Americas</font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;215&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;206&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;196&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asia Pacific</font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;138&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;155&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;149&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Europe, Middle East and Africa (excluding Switzerland)</font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;196&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;236&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;209&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(17)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Switzerland</font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;283&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;306&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;270&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total invested assets</font></b></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;832&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;903&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;824&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
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  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Invested assets (USD
  billion)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Third-party institutional</font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;497&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;552&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;509&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(10)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Third-party wholesale</font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;86&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;98&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;84&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(12)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS&#8217;s wealth management businesses</font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;249&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;253&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;230&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total invested assets</font></b></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;832&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;903&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;824&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:22.5pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:22.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Comparatives may differ as a result of adjustments following
  organizational changes, restatements due to the retrospective adoption of new
  accounting standards or changes in accounting policies, and events after the
  reporting period.&#160;&#160;&#160; 2 Net management fees include transaction fees, fund
  administration revenues (including net interest and trading income from
  lending activities and foreign exchange hedging as part of the fund services
  offering), gains or losses from seed money and co-investments, funding costs,
  and other items that are not performance fees.&#160;&#160;&#160; 3 Refer to the &#8220;Capital
  management&#8221; section of this report for more information.&#160;&#160;&#160; 4&nbsp;The
  leverage ratio denominator as of 31 March 2020 does not reflect the effect of
  the temporary exemption granted by FINMA in connection with COVID-19. Refer
  to the &#8220;Recent developments&#8221; section of this report for more information.&#160;&#160;&#160;
  5 Calculated as operating profit before tax (annualized as applicable)
  divided by average invested assets.</font></p>
  </td>
 </tr>
</table></div>
















<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">&nbsp;</font></p>

</DIV>
</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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Asset Management</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Results: 1Q20 vs 1Q19</font></b></p>

<p style="margin:0cm;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;">Profit before tax increased by USD&nbsp;54
million, or 52%, to USD&nbsp;157 million, reflecting strong operating leverage,
with higher operating income only partly offset by higher operating expenses.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Operating income</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">Total operating
income increased by USD 68&nbsp;million, or 15%, to USD&nbsp;514 million.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">Net management
fees increased by USD&nbsp;58 million, or 14%, to USD&nbsp;477 million,
reflecting higher average invested assets.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">Performance fees increased by USD&nbsp;9
million to USD&nbsp;36 million, driven by an increase in Equities, partly
offset by lower performance fees in Hedge Fund Businesses.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Operating expenses</font></p>

<p style="margin:0cm;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;">Total operating expenses increased by
USD&nbsp;14 million, or 4%, to USD&nbsp;357 million, mainly driven by an
increase in personnel expenses, reflecting higher revenues.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</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:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Invested assets: </font></b><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">1Q20&nbsp;</font></b><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> vs </font></b><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">4Q19&nbsp;</font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;"> &nbsp;</font></b></p>

<p style="margin:0cm;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;">Invested assets decreased by USD&nbsp;71
billion to USD&nbsp;832 billion, reflecting negative market performance of USD&nbsp;94
billion and unfavorable currency effects of USD&nbsp;11 billion, partly offset
by net new money inflows of USD&nbsp;33 billion.</font></p>

<p style="margin:0cm;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;">Net new money inflows were USD&nbsp;32.7
billion. Excluding money market flows, net new money inflows were USD&nbsp;22.8
billion.</font></p>

<p style="margin:0cm;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;">Strong net new money generation included a USD&nbsp;9
billion positive impact from our collaborative effort with the Global Wealth
Management business division on the separately managed accounts initiative in
the Americas. </font></p>

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<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
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  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Investment Bank<sup>1,2</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
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 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
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 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
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  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
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 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=21% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter ended</font></p>
  </td>
 <td width=1% style="border:none;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million, except where
  indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
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<tr style="height:4.5pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;199&nbsp;</font></b></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;144&nbsp;</font></p>
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 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;44&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Execution &amp; Platform</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;590&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;343&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;378&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;72&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;56&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivatives &amp; Solutions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;984&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;472&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;682&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;108&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;44&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financing</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;464&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;370&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;358&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;25&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Markets</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,037&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,185&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,418&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;72&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;44&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Equities</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,148&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;835&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;970&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;38&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Foreign Exchange,
  Rates and Credit</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;889&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;350&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;448&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;154&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;99&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,571&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,687&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,788&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;52&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;44&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(122)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(22)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;441&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,449&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,681&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,765&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating expenses</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,741&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,703&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,558&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Business division operating
  profit / (loss) before tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;709&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(22)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;207&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;242&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=63% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Performance measures and
  other information</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Pre-tax profit growth (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;241.6&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(64.0)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Average attributed equity (USD billion)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.4&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.3&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on attributed equity (%)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22.8&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.7)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.8&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cost / income ratio (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;67.7&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;101.0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;87.1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Risk-weighted assets (USD billion)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;102.8&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;81.1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;92.6&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on risk-weighted assets, gross (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.2&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.9&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.7&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator (USD billion)<sup>3,4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;297.4&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;293.2&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;288.4&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on leverage ratio denominator, gross (%)<sup>5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.5&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.3&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.5&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Goodwill and intangible assets (USD billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(23)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(97)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Average VaR (1-day, 95% confidence, 5 years of historical data)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;80&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Impaired loan portfolio as a percentage of total loan portfolio,
  gross (%)<sup>6,7</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.2&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.7&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:42.75pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:42.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Comparative figures in this table have been restated to
  reflect the new structure of the Investment Bank split into Global Banking
  and Global Markets. Global Banking has two product verticals: Capital Markets
  and Advisory. Global Markets combines Equities and Foreign Exchange, Rates
  and Credit (FRC), with three product verticals: Execution &amp; Platform,
  Derivatives &amp; Solutions, and Financing.&#160;&#160;&#160; 2 Comparatives may
  additionally differ as a result of adjustments following organizational
  changes, restatements due to the retrospective adoption of new accounting
  standards or changes in accounting policies, and events after the reporting
  period.&#160;&#160;&#160; 3 Refer to the &#8220;Capital management&#8221; section of this report for more
  information.&#160;&#160;&#160; 4 The leverage ratio denominator as of 31 March 2020 does not
  reflect the effect of the temporary exemption granted by FINMA in connection
  with COVID-19. Refer to the &#8220;Recent developments&#8221; section of this report for
  more information.&#160;&#160; &#160;5 Refer to the footnote 4 to this table about the
  leverage ratio denominator as of 31&nbsp;March 2020, which is used for the
  return calculation.&#160;&#160;&#160; 6 Refer to the &#8220;Risk management and control&#8221; section
  of this report for more information about (credit-)impaired loan
  exposures.&#160;&#160;&#160; 7 Impaired loan portfolio as a percentage of total loan
  portfolio, gross, as of 31&nbsp;March 2019 has been restated, resulting in a
  decrease of 0.2%.</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;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:0cm;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="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;">25</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;">&nbsp;</font></p>

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 <p style="border:none;margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Investment Bank</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=PT-BR style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">Results:</font></b><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=PT-BR style="font-size:9.0pt;line-height:11.5pt;"> 1Q20 </font></b><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=PT-BR style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">vs&nbsp;</font></b><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=PT-BR style="font-size:9.0pt;line-height:11.5pt;"> 1Q19</font></b></p>

<p style="margin:0cm;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;">Profit before tax increased by USD&nbsp;502
million, or 242%, to USD&nbsp;709 million, driven by higher operating income, partly
offset by higher operating expenses.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Operating income</font></p>

<p style="margin:0cm;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;">Total operating income increased by USD&nbsp;684
million, or 39%, to USD&nbsp;2,449 million, reflecting higher revenues across
both Global Markets and Global Banking, partly offset by higher credit loss
expenses. The COVID-19 pandemic led to sharp market declines and elevated
levels of market volatility, prompting higher levels of client activity in
Global Markets.</font></p>

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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Global Banking
revenues increased by USD&nbsp;164 million, or 44%, to USD&nbsp;534 million,
reflecting higher revenues in Advisory and Capital Markets.</font></p>

<p style="margin:0cm;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;">Advisory revenues increased by USD&nbsp;90
million, or 83%, to USD&nbsp;199 million, mainly reflecting higher revenues
from mergers and acquisitions as a number of large transactions closed in the
quarter, compared with a decline in the global fee pool of 15%.</font></p>

<p style="margin:0cm;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;">Capital Markets revenues increased by
USD&nbsp;73 million, or 28%, to USD&nbsp;334 million. This was primarily driven
by gains of USD&nbsp;191 million in a portfolio of instruments designed to
hedge credit exposure in the Investment Bank&#8217;s lending and leveraged loan
portfolios, and by an increase of USD&nbsp;45 million, or 73%, in Equity
Capital Markets revenues, compared with an increase in the global fee pool of
14%. These effects were partly offset by mark-to-market losses of USD&nbsp;183
million on the leveraged capital markets, corporate lending and real estate finance
portfolios, as credit spreads widened in the wake of the COVID-19 pandemic.</font></p>

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

<p style="margin:0cm;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;">Global Markets revenues increased by USD&nbsp;619
million, or 44%, to USD&nbsp;2,037 million, due to significantly higher volumes
and volatility, particularly in Foreign Exchange, Rates and Cash Equities
revenues, reflecting the impact of the COVID-19 pandemic on client activity
levels.</font></p>

<p style="margin:0cm;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;">Execution &amp; Platform revenues increased by
USD&nbsp;212 million, or 56%, to USD&nbsp;590 million, mainly driven by higher
client activity levels in cash equities and fixed income products that are
traded over electronic platforms.</font></p>

<p style="margin:0cm;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;">Derivatives &amp; Solutions revenues
increased by USD&nbsp;302 million, or 44%, to USD&nbsp;984 million, driven by
higher client activity levels across Foreign Exchange and Rates.</font></p>

<p style="margin:0cm;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;">Financing revenues increased by USD&nbsp;106
million, or 30%, to USD&nbsp;464 million, due to higher revenues in Equity
Financing, which benefited from market volatility, and higher Clearing
revenues. </font></p>

<p style="margin:0cm;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>

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


</font></i><p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Of which:
Equities </font></i></p>

<p style="margin:0cm;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;">Equities revenues increased by
USD&nbsp;178 million, or 18%, to USD&nbsp;1,148 million, mainly driven by
increases in Cash and Financing Services revenues.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Of which: Foreign Exchange, Rates and
Credit</font></i></p>

<p style="margin:0cm;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;">Foreign Exchange, Rates and Credit
increased by USD&nbsp;441 million, or 99%, to USD&nbsp;889 million, mainly
reflecting higher revenues in Foreign Exchange and Rates within Derivatives &amp;
Solutions and Execution &amp; Platform.</font></p>

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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Net credit loss
expenses were USD&nbsp;122 million, compared with net expenses of USD&nbsp;22
million. Stage 1 and 2 net credit loss expenses were USD&nbsp;62 million, mainly
due to losses of USD&nbsp;26 million on energy-related exposures, losses of USD&nbsp;15
million on securities financing transactions with a number of real estate
investment trusts, and losses of USD&nbsp;14 million resulting from systemic
changes in scenarios and scenario weights to reflect the impact of COVID-19. Stage
3 net credit loss expenses were USD&nbsp;60 million, driven by losses of USD&nbsp;44
million on energy-related exposures, and losses of USD&nbsp;16 million on
securities financing transactions with a number of real estate investment trusts.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Operating expenses</font></p>

<p style="margin:0cm;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;">Total operating expenses increased by
USD&nbsp;183 million, or 12%, to USD&nbsp;1,741 million, mainly driven by an
increase in personnel expenses of USD&nbsp;161 million, reflecting the strong
revenues in both Global Markets and Global Banking.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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-weighted assets and
leverage ratio denominator: </font></b><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">1Q20&nbsp;</font></b><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> vs </font></b><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">4Q19&nbsp;</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">Risk-weighted
assets</font></p>

<p style="margin:0cm;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;">Total risk-weighted assets (RWA)
increased by USD&nbsp;22 billion, or 27%, to USD&nbsp;103 billion. Credit risk
RWA increased by USD&nbsp;14 billion due to increases in drawn and undrawn
lending exposures, as well as in derivative exposures. Market risk RWA
increased by USD&nbsp;7 billion, reflecting higher average regulatory and
stressed value-at-risk (VaR) levels, mainly due to higher market volatility. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Capital management&#8221; section of this report for more
information</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">Leverage
ratio denominator</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.2pt;line-height:11.5pt;">The
leverage ratio denominator (LRD) increased by USD&nbsp;4 billion, or 1%, to USD&nbsp;297
billion, mainly reflecting increased secured financing transaction and derivative
exposures, due to higher market volatility and additional margin requirements,
partly offset by lower trading portfolio valuations. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:5.0pt;font-weight:normal;letter-spacing:-.1pt;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;letter-spacing:-.1pt;line-height:11.5pt;">&nbsp;&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;letter-spacing:-.1pt;line-height:11.5pt;">Refer to the
&#8220;Capital management&#8221; and &#8220;Balance sheet, liquidity and funding management&#8221;
sections of this report for more information</font></b></p>








<p style="margin:0cm;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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  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=21% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter ended</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million, except where
  indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4Q19</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1Q19</font></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td width=63% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Results</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(480)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(211)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;127&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating expenses</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(71)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;95&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;62&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit / (loss)
  before tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(410)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(306)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(15)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Group Treasury</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(131)&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(100)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;102&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Non-core and
  Legacy Portfolio</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(219)&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(68)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;221&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Group services and
  other</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(60)&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(137)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(120)&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(56)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(50)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td width=63% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Additional information</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Risk-weighted assets (USD billion)<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31.3&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;28.3&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29.0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator (USD billion)<sup>2,3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;116.4&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;76.2&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;79.9&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:13.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Comparatives may differ as a result of adjustments following
  organizational changes, restatements due to the retrospective adoption of new
  accounting standards or changes in accounting policies, and events after the
  reporting period.&#160;&#160;&#160; 2&nbsp;Refer to the &#8220;Capital management&#8221; section of this
  report for more information.&#160;&#160;&#160; 3 The leverage ratio denominator as of 31
  March 2020 does not reflect the effect of the temporary exemption granted by
  FINMA in connection with COVID-19. Refer to the &#8220;Recent developments&#8221; section
  of this report for more information.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Results: 1Q20 vs 1Q19</font></b></p>

<p style="margin:0cm;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;">Group Functions recorded a loss
before tax of USD&nbsp;410 million, compared with a loss of USD&nbsp;15 million
in the prior-year period.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Group Treasury</font></p>

<p style="margin:0cm;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 Group Treasury result was
negative USD&nbsp;131 million, compared with positive USD&nbsp;102 million.</font></p>

<p style="margin:0cm;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;">Group Treasury included income from
accounting asymmetries including hedge accounting ineffectiveness of net
negative USD&nbsp;167 million, compared with net positive income of
USD&nbsp;140 million in the prior-year period. </font></p>

<p style="margin:0cm;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;">Revenues related to centralized Group
Treasury risk management services were negative USD&nbsp;77 million, compared
with negative USD&nbsp;19 million.</font></p>

<p style="margin:0cm;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;">Operating expenses decreased by USD&nbsp;119
million,</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.2pt;line-height:11.5pt;"> </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">mainly driven by a reduction in variable compensation recorded in
relation to funding valuation losses booked within accounting asymmetries that
are largely attributable to widening funding spreads on derivatives. </font></p>

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


</font><p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Non-core and
Legacy Portfolio</font></p>

<p style="margin:0cm;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 Non-core and Legacy Portfolio
result was negative USD&nbsp;219 million, compared with positive USD&nbsp;4
million. This result was mainly due to valuation losses of USD&nbsp;143 million
on a remaining exposure of USD&nbsp;1.4 billion to auction rate securities
(ARS), compared with valuation gains recognized in the prior-year quarter. Our
remaining exposure to ARS were rated AA or above as of 31&nbsp;March 2020. In
addition, the first quarter of 2020 also included a credit loss expense of
USD&nbsp;16 million on a single remaining energy-related exposure.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Group services and other</font></p>

<p style="margin:0cm;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 Group services and other result
was negative USD&nbsp;60 million, compared with negative USD&nbsp;120 million. This
mainly resulted from lower funding costs related to deferred tax assets.</font></p>

<p style="margin:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:2.0pt;">&#160;&#160;&nbsp;</font></p>









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<p style="margin-bottom:28.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:70.0pt;line-height:70.0pt;">Risk, treasury and capital management</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:12.0pt;">Management report</font></p>









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<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:18.0pt;line-height:20.0pt;">Table of contents</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">31</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Risk_management_and_control"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Risk management and control</font></b></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">31</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Credit_risk_internal_risk"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Credit risk </font></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">34</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Market_risk"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Market risk</font></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">36</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Country_risk"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Country risk</font></a><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">36</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Operational_risk"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Operational risk</font></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">38</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Balance_sheet_narratives"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Balance sheet, liquidity and funding management</font></b></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">38</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Strategy_objectives"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Strategy, objectives and governance</font></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">38</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Assets_liquidity_mgmt"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Assets and liquidity management</font></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">39</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Liabilities_funding_mgmt"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Liabilities and funding management</font></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">43</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Capital_management"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Capital management</font></b></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">44</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Swiss_SRB_requirements_and_info"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Swiss SRB requirements and information</font></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">46</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Total_loss_absorbing_capacity"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Total loss-absorbing capacity</font></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">50</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#RWA_UBS_Group"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Risk-weighted assets</font></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">52</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#CM_LRD"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Leverage ratio denominator</font></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">54</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Equity_attribution_and_return"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Equity attribution and return on
  attributed equity</font></a></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">55</font></b></p>
  </td>
 <td valign=top width=86% style="padding:0cm 8.5pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#UBS_shares"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;font-weight:normal;line-height:11.5pt;text-decoration:none;">UBS shares</font></a></p>
  </td>
 </tr>
</table></div>












<p style="margin:0cm;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:0cm;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="border:none;margin:0cm;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="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;">30</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;">&nbsp;</font></p>

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 <p style="border:none;margin:0cm;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 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 style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">Risk management and control<a name="Risk_management_and_control"></a><a name="Risk_management_and_control_bclEnd"></a></font></p>








<p style="margin:0cm;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;">This section provides information about
key developments during the reporting period and should be read in conjunction
with the &#8220;Risk management and control&#8221; section of our Annual Report 2019.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><a name="Credit_risk_internal_risk"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The
outbreak of COVID-19 and the associated market turbulences have caused
widespread economic disruption. The related effects on credit risk, market
risk, country risk and operational risk in the first quarter of 2020 are
reflected in the following sections. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;UBS
response to COVID-19&#8221; section and the &#8220;Recent developments&#8221; section of this
report for more information about the COVID-19 pandemic</font></b></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">Credit risk
</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><a name="Credit_risk_internal_risk_bclEnd"></a><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Credit loss expenses</font></p>

<p style="margin:0cm;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;">Total net credit loss expenses in the
first quarter of 2020 were USD&nbsp;268 million, compared with the very low
levels seen in previous quarters, reflecting net expenses of USD&nbsp;89
million related to stage 1 and stage 2 positions and net expenses of USD&nbsp;179
million related to credit-impaired (stage 3) positions.</font></p>

<p style="margin:0cm;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;">Stage 1 and 2 net credit loss expenses of USD&nbsp;89
million include: (i) USD&nbsp;63 million of expenses that result from certain
lending positions to industries and sectors that were adversely affected by
COVID-19 and other market effects, in particular from energy-related exposures (USD&nbsp;26
million) and securities financing transactions with a number of real estate investment
trusts (USD&nbsp;15 million); and (ii) USD&nbsp;26 million of expenses from
systemic changes in scenarios and scenario weights.</font></p>

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


</font><p style="margin:0cm;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;">Stage 3 net credit loss expenses of USD&nbsp;179
million were recognized across Personal &amp; Corporate Banking (USD&nbsp;62
million), the Investment Bank (USD&nbsp;60 million), Global Wealth Management (USD&nbsp;41
million) and Group Functions (USD&nbsp;16 million). Stage 3 expenses in
Personal &amp; Corporate Banking predominantly stem from a deterioration in the
recoveries expected from loans to corporate counterparties that were already
credit-impaired at year-end 2019. Stage 3 expenses in the Investment Bank
include a number of credit-impaired positions from energy-related exposures (USD&nbsp;44
million) and securities financing transactions with a number of real estate investment
trusts (USD&nbsp;16 million). Stage 3 expenses in Global Wealth Management primarily
relate to a small number of collateralized lending positions. Stage 3 expenses
in Group Functions (USD&nbsp;16 million) arose from an energy-related exposure
in the Non-core and Legacy Portfolio. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Credit loss expense /
recovery&#8221; in the &#8220;Group performance&#8221; section of this report for more
information about credit loss expense / recovery</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 10 Expected credit loss measurement&#8221; in the
&#8220;Consolidated financial statements&#8221; section of this report for more information
about credit loss expense / recovery</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 1 Summary of significant accounting policies&#8221; and
&#8220;Note 23b Expected credit loss measurement&#8221; in the &#8220;Consolidated financial
statements&#8221; section of the Annual Report 2019 for more information about the
scenario updates</font></b></p>








<p style="margin:0cm;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:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Credit loss (expense) /
  recovery</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:28.5pt;">
  <td valign=bottom width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Wealth </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Management</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp; </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Banking</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Management</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Bank</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Functions</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended 31
  March 2020</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stages 1 and 2</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(62)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(89)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 3</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(41)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(62)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(60)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(179)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total credit loss (expense)
  / recovery</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(53)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(77)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(122)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(268)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Committed credit
facilities</font></p>

<p style="margin:0cm;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;">Borrowings under committed credit
facilities increased as corporate clients sought to increase liquidity. The
largest increases in utilization have been from borrowers in the consumer
cyclical, health care, and real estate and construction sectors. We manage our
credit risk on the aggregate of drawn and committed undrawn credit facilities
and model full drawing <br clear=all>
of committed facilities in our stress testing framework. Therefore, increased
drawing of these facilities is captured in our overall risk appetite. </font></p>









<p style="margin:0cm;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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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_37"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Risk management
 and control</font></font><font style="border:none;">&nbsp;</font></p>

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

<p style="margin:0cm;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;">Within the Investment Bank, loan
underwriting saw an increased level of activity during the first two months of
the quarter, before market activity deteriorated in March. As of 31&nbsp;March
2020, loan underwriting commitments totaled USD&nbsp;10.8 billion on a notional
basis (of which USD&nbsp;3.4 billion was investment grade). The majority of the
loan underwriting commitments were mandated and planned for de-risking through
syndication prior to transaction closing. As of 31 March 2020, USD&nbsp;0.9
billion of the USD&nbsp;10.8 billion exposure was not distributed as originally
planned, reflecting recent market conditions.</font></p>

<p style="margin:0cm;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;">Loan underwriting exposures are held for
trading, with fair values reflecting the market conditions at the end of the
quarter. The current portfolio includes a few large transactions supporting
core clients in Switzerland, Western Europe and Asia, with these companies having
good credit fundamentals. Distribution of the risk continues, despite the volatile
market conditions. As of 24 April 2020, we have syndicated USD&nbsp;3.5 billion
of our commitments (of which USD&nbsp;3 billion was sub-investment grade),
reducing our outstanding loan underwriting commitments to USD&nbsp;7.3 billion.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Exposures to the oil and gas sector</font></p>

<p style="margin:0cm;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;">During the first quarter of 2020, oil
prices declined significantly following failed OPEC talks, anticipation of
increased supply, and concerns regarding the decline in global demand. We have significantly
reduced our exposure to the oil and gas sector in recent years. As of 31 March
2020, total net lending exposure directly related to the production and supply
of oil and gas, totaled USD&nbsp;1.5 billion, all of which is in the Investment
Bank and Non-core and Legacy Portfolio. More than 60% of our net exposure of USD&nbsp;1.5
billion was with investment grade-rated counterparties and less than USD&nbsp;0.2
billion with counterparties rated with an equivalent of single B&#8211; or lower. In
addition, we closely monitor our exposures related to our commodity trade
finance activities within Personal &amp; Corporate Banking. </font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Overall banking products exposures</font></p>

<p style="margin:0cm;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;">Overall banking products exposure
increased by USD&nbsp;49 billion to USD&nbsp;564 billion as of 31 March 2020. USD&nbsp;32
billion of this increase related to balances at central banks and USD&nbsp;11
billion to loans and advances to customers.</font></p>

<p style="margin:0cm;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;letter-spacing:-.1pt;line-height:11.5pt;">The
credit-impaired gross exposure increased by USD&nbsp;1,094 million to USD&nbsp;4,207
million as of 31 March 2020 and related to stage 3 net credit loss expenses of USD&nbsp;179
million in the first quarter of 2020. The increase stems mainly from securities
financing transactions with a number of real estate investment trusts in the
Investment Bank.</font></p>

<font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;"><br clear=all>


</font><p style="margin:0cm;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;letter-spacing:-.1pt;line-height:11.5pt;">Within the
Investment Bank, loans and advances to customers increased by USD&nbsp;4.7
billion, mainly reflecting the increased drawings of committed credit lines.
The USD&nbsp;5.2 billion increase of loans and advances to customers in Global
Wealth Management was predominantly driven by business growth</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> a</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">nd by the transfer of the </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">USD&nbsp;1</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">.6 billion aircraft leasing business from Personal
&amp; Corporate Banking (net neutral for the Group).</font></p>

<p style="margin:0cm;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;letter-spacing:-.2pt;line-height:11.5pt;">Exposure related
to traded products increased by USD&nbsp;11.8 billion over the quarter, mainly
driven by increased market volatility. </font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Lombard and securities-based lending</font></p>

<p style="margin:0cm;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 number of margin calls in Global
Wealth Management for Lombard and securities-based loans increased
significantly in March 2020 with the market turmoil, and returned to normal levels
again in April 2020. In general, these margin calls were resolved by applying
standard procedures, but the extraordinary magnitude of market moves on some days
resulted in a few cases where collateralized positions needed to be closed out
or remained in margin call, resulting in USD&nbsp;41 million of credit loss
expenses. The average LTV for the portfolio was approximately 50% as of 31 March
2020. </font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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 mortgage portfolio</font></p>

<p style="margin:0cm;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;">Of our total Swiss real estate
portfolio of USD&nbsp;151 billion, USD&nbsp;137 billion related to our Swiss
residential real estate portfolio, which remained stable. It is split into USD&nbsp;113
billion for single-family homes (average LTV of 55%) and USD&nbsp;24 billion in
residential income-producing real estate (average LTV of 53%). However, the
level of risk in our Swiss commercial retail and office real estate portfolio
of USD&nbsp;6 billion (average LTV of 47%) is likely to increase if the
measures to contain COVID-19 remain in place for a prolonged period.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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 our Annual
Report 2019 for more information about our Swiss mortgage portfolio</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Exposure to the Swiss economy and Swiss
corporates</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">Within
Personal &amp; Corporate Banking, risks related to our exposures to certain industry
sectors has increased. Our exposure to the tourism sector (including hotels,
restaurants and transport)</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">totals USD&nbsp;1.6 billion, with hotels accounting for about half of this
exposure as of 31 March 2020. Within Personal &amp; Corporate Banking, our
exposure to the retail sector was USD&nbsp;1.2 billion as of 31 March 2020. Apart
from a few large counterparties, our exposures to the tourism and the retail
sectors are highly diversified across Switzerland, with a high share of
collateralized exposure. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">&nbsp;</font></p>




<p style="margin:0cm;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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<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td colspan=8 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Banking and traded products exposure in our business divisions
  and Group Functions</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=43% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
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  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 </tr>
<tr style="height:30.0pt;">
  <td valign=bottom width=43% style="border:none;border-bottom:solid #74726F 1.0pt;height:30.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:30.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:30.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Management</font></b></p>
  </td>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp;</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Banking</font></b></p>
  </td>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Management</font></b></p>
  </td>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Bank</font></b></p>
  </td>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Functions</font></b></p>
  </td>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group</font></b></p>
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  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Banking products<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
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<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Gross exposure</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;246,572&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;200,515&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,772&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;55,037&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;59,185&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;564,082&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: loans and advances
  to customers (on-balance sheet)</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;179,703&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;137,877&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,284&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,621&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;338,486&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: guarantees and loan
  commitments (off-balance sheet)</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,567&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23,126&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,433&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,037&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46,164&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Traded products<sup>2, 3</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Gross exposure</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10,047&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;956&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td colspan=2 width=18% style="background:#E6E6E6;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;48,678&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;59,680&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: over-the-counter
  derivatives</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,411&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;902&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 width=18% style="background:#E6E6E6;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,949&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;25,262&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: securities financing
  transactions</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 width=18% style="background:#E6E6E6;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21,144&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21,144&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: exchange-traded
  derivatives</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,636&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 width=18% style="background:#E6E6E6;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10,585&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13,275&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other credit lines, gross<sup>4</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10,507&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20,521&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,315&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;144&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34,487&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=43% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total credit-impaired exposure, gross (stage 3)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,179&nbsp;</font></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,591&nbsp;</font></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;796<sup>5</sup></font></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;640<sup>5</sup></font></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,207<sup>5</sup></font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total allowances and provisions for expected credit losses
  (stages 1 to 3)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;288&nbsp;</font></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;739&nbsp;</font></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;202&nbsp;</font></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53&nbsp;</font></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,282&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: stage 1</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;68&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;84&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;50&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;205&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: stage 2</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;48&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;123&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;225&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: stage 3
  (allowances and provisions for credit-impaired exposures)</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;171&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;533&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;99&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;50&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;852&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=43% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=43% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=6 width=56% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:30.0pt;">
  <td valign=bottom width=43% style="border:none;border-bottom:solid #74726F 1.0pt;height:30.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:30.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:30.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth Management</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:30.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp;</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Banking</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:30.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Management</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:30.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Bank</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:30.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Functions</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:30.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Banking products<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Gross exposure</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;239,032&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;194,395&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,914&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;48,170&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30,570&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;515,081&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: loans and advances
  to customers (on-balance sheet)</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;174,510&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;136,572&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10,585&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,882&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;327,550&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: guarantees and
  loan commitments (off-balance sheet)</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,578&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23,142&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,009&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;960&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;45,689&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Traded products<sup>2, 3</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Gross exposure</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,830&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;841&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td colspan=2 width=18% style="background:#E6E6E6;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;38,233&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47,904&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: over-the-counter
  derivatives</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,571&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;804&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td colspan=2 width=18% style="background:#E6E6E6;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,832&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17,207&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: securities
  financing transactions</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td colspan=2 width=18% style="background:#E6E6E6;border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20,821&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20,821&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: exchange-traded
  derivatives</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,259&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td colspan=2 width=18% style="background:#E6E6E6;border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,580&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,876&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other credit lines, gross<sup>4</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10,735&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20,986&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,227&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;138&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,092&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=43% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total credit-impaired exposure, gross (stage 3)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;902&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,694&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;91<sup>5</sup></font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;427<sup>5</sup></font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,113<sup>5</sup></font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total allowances and provisions for expected credit losses
  (stages 1 to 3)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;209&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;696&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;87&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,029&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: stage 1</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;59&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;81&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;38&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;181&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: stage 2</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;122&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;160&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=43% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: stage 3
  (allowances and provisions for credit-impaired exposures)</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;116&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;493&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;688&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:22.5pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:22.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 IFRS 9 gross exposure including other financial assets at
  amortized cost, but excluding cash, receivables from securities financing
  transactions, cash collateral receivables on derivative instruments,
  financial assets at FVOCI, irrevocable committed prolongation of existing
  loans and unconditionally revocable committed credit lines and forward
  starting reverse repurchase and securities borrowing agreements.&#160;&#160;&#160; 2
  Internal management view of credit risk, which differs in certain respects
  from IFRS.&#160;&#160; &#160;3 As counterparty risk for traded products is managed at
  counterparty level, no further split between exposures in the Investment Bank
  and Group Functions is provided.&#160;&#160;&#160; 4 Unconditionally revocable committed
  credit lines.&#160;&#160;&#160; 5 The increase in credit-impaired stage 3 exposures compared
  with 31 December 2019 stems mainly from securities financing transactions
  with a number of Real Estate Investment Trusts in the Investment Bank.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
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  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Global Wealth Management and
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 </tr>
<tr style="height:10.5pt;">
  <td width=55% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
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 <td colspan=2 width=21% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp; Corporate Banking</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=55% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Secured by residential property</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;55,638&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54,383&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;101,866&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;100,645&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Secured by commercial / industrial property</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,703&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,619&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17,568&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17,131&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Secured by cash</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23,040&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,852&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,672&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,569&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Secured by securities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;82,681&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;88,684&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,514&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,766&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Secured by guarantees and other collateral</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13,932&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10,591&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,644&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,351&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=55% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Unsecured loans and advances to customers</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,709&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,381&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11,612&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10,111&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=55% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loans and advances to
  customers, gross</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;179,703&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;174,510&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;137,877&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;136,572&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=55% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Allowances</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(167)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(93)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(603)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(595)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=55% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loans and advances to
  customers, net of allowances</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;179,536&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;174,417&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;137,274&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;135,978&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></p>








<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="Market_risk"></a></p>
<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">33</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_39"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Risk management
 and control</font></font><font style="border:none;">&nbsp;</font></p>

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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Market_risk_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Markets
started the year positively before turning negative toward the end of February.
Equity markets sold off sharply, credit spreads widened and rates fell to
historic lows, before risk assets partly recovered toward the end of March.
Despite the turbulence, our market risk exposures were managed carefully.</font></p>

<p style="margin:0cm;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;">Average management value-at-risk (VaR)
(1-day, 95% confidence level) increased to USD&nbsp;14 million from USD&nbsp;8
million in the previous quarter, mainly in the Investment Bank&#8217;s Global Markets
business. The increase was from unprecedented and sharp market moves across
asset classes, as well as by updates to the VaR model time series to incorporate
the extreme shocks observed in March. </font></p>

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


</font><p style="margin:0cm;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;">There were 3 new Group VaR negative
backtesting exceptions in the first quarter of 2020, increasing the total in
the rolling 250 trading days window from 0 to 3. These resulted from the
unprecedented price moves in various asset classes. The FINMA VaR multiplier
for market risk RWA remained 3, as the increase in backtesting exceptions did
not trigger a higher multiplier. On 14 April 2020, in light of the COVID-19
pandemic and its impact on the financial markets, FINMA announced that VaR
multipliers should be temporarily frozen at the level reported on 1&nbsp;February
2020, until 1&nbsp;July 2020.
Since UBS Group only recorded 3 negative backtesting exceptions in the month of
March 2020 and none in the 250 trading days leading up to 1&nbsp;February 2020,
this temporary FINMA exemption had no effect on our market risk RWA in the
first quarter of 2020.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:26.25pt;">
  <td colspan=11 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:26.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Management value-at-risk
  (1-day, 95% confidence, 5 years of historical data) of our business divisions
  and</font></b></p>
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Group Functions by general
  market risk type<sup>1</sup></font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=19% style="border:none;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Average by risk type</font></b></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td valign=bottom width=19% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Min.</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Max.</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Period end</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Average</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity</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:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">rates</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:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">spreads</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:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">exchange</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:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Commodities</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
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<tr style="height:11.25pt;">
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp; Corporate Banking</font></p>
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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<tr style="height:11.25pt;">
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset Management</font></p>
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 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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<tr style="height:11.25pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment Bank</font></p>
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 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></b></p>
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 </tr>
<tr style="height:11.25pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group Functions</font></p>
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 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 </tr>
<tr style="height:11.25pt;">
  <td width=19% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Diversification effect<sup>2,3</sup></font></p>
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 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
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 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(9)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=19% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total as of 31.3.20</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=19% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total as of 31.12.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.75pt;">
  <td colspan=11 valign=top width=100% style="border:none;height:24.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Statistics at individual levels may not be summed to deduce
  the corresponding aggregate figures. The minima and maxima for each level may
  occur on different days, and, likewise, the VaR for each business line or
  risk type, being driven by the extreme loss tail of the corresponding
  distribution of simulated profits and losses for that business line or risk
  type, may well be driven by different days in the historical time series,
  rendering invalid the simple summation of figures to arrive at the aggregate
  total.&#160;&#160;&#160; 2 Difference between the sum of the standalone VaR for the business
  divisions and Group Functions and the VaR for the Group as a whole.&#160;&#160;&#160; 3 As
  the minimum and maximum occur on different days for different business
  divisions and Group Functions, it is not meaningful to calculate a portfolio
  diversification effect.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font 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:0cm;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="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;">34</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;">&nbsp;</font></p>

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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_40"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;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 March 2020,
the interest rate sensitivity of our banking book to a +1-basis-point parallel
shift in yield curves was negative USD&nbsp;26.4 million, compared with
negative USD&nbsp;25.1 million as of 31 December 2019. The change in the
interest rate sensitivity was driven by the widening of funding spreads on own
issuances and lower US dollar market rates. The reported interest rate
sensitivity excludes the AT1 capital instruments as per FINMA Pillar 3
disclosure requirements, with a sensitivity of USD&nbsp;4.4 million per basis
point, and our equity, goodwill and real estate, with a modeled sensitivity of USD&nbsp;19.9
million per basis point, of which USD&nbsp;4.1 million and USD&nbsp;15.8
million are attributable to the Swiss franc and the US dollar portfolios,
respectively. </font></p>

<p style="margin:0cm;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 most adverse of the six FINMA interest
rate scenarios was the &#8220;Parallel up&#8221; scenario, which resulted in a change in
the economic value of equity of negative USD&nbsp;5.4 billion, representing a
pro forma reduction of 10.5% of tier 1 capital, which is well below the
regulatory outlier test of 15% of tier 1 capital. The immediate effect of the
&#8220;Parallel up&#8221; scenario on tier 1 capital as of 31 March 2020 would be a
reduction of 1.1%, or USD&nbsp;0.6 billion, arising from the part of our
banking book that is measured at fair value through profit or loss and from the
financial assets measured at fair value through other comprehensive income.
This scenario would, however, have a positive effect on net interest income.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Interest rate risk in the banking book&#8221; in the &#8220;Market
risk&#8221; section of our Annual Report 2019</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;font-style:normal;line-height:11.5pt;"> </font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">for
more information about the management of interest rate risk in the banking book</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Sensitivity to interest rate movements&#8221; in the &#8220;Group
performance&#8221; section of this report for more information about the effects of
increases in interest rates on the equity, capital and net interest income of
Global Wealth Management and Personal &amp; Corporate Banking</font></b></p>








<p style="margin:0cm;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:0cm;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>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=41% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Interest rate risk &#8211; banking
  book</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=41% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">+1 bp</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Parallel up<sup>1</sup></font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Parallel down<sup>1</sup></font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Steepener<sup>2</sup></font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Flattener<sup>3</sup></font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Short-term up<sup>4</sup></font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Short-term down<sup>5</sup></font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=41% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">CHF</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3.7)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(524.4)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;593.8&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(284.7)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;180.4&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(36.8)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;40.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=41% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">EUR</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.8)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(137.0)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;167.2&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(30.4)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.1&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(29.0)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=41% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">GBP</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20.7&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(36.4)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(28.0)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29.6&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36.3&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(36.5)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=41% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(21.2)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4,647.2)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,377.7&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(622.1)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(338.8)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,018.4)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,192.8&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=41% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.8)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(146.9)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;163.7&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(29.6)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(81.3)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;90.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=41% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total effect on economic
  value of equity as per Pillar 3 requirement as of 31.3.20</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(26.4)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5,434.8)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,266.0&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(965.1)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(146.3)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,129.1)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,328.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=41% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Additional tier 1 (AT1) capital instruments</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.4&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;842.4&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(901.4)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(61.6)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;247.9&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;561.2&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(586.3)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=41% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total including AT1 capital
  instruments as of 31.3.20</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(22.0)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4,592.3)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,364.6&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,026.7)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;101.7&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,567.8)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,742.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=41% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total effect on economic value of equity as per Pillar 3
  requirement as of 31.12.19</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(25.1)&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5,003.2)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,315.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(816.1)&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(337.2)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,166.0)&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,292.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=41% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total including AT1 capital instruments as of 31.12.19</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(20.1)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4,048.9)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,291.2&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(858.3)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(83.7)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,555.2)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,653.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Rates across all tenors move by &#177;150 bps for Swiss franc, &#177;200
  bps for euro and US dollar and &#177;250 bps for pound sterling.&#160;&#160;&#160; 2 Short-term
  rates decrease and long-term rates increase.&#160;&#160;&#160; 3 Short-term rates increase
  and long-term rates decrease.&#160;&#160;&#160; 4 Short-term rates increase more than
  long-term rates.&#160;&#160;&#160; 5 Short-term rates decrease more than long-term rates.</font></p>
  </td>
 </tr>
</table></div>











<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="Country_risk"></a></p>
<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">35</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_41"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Risk management
 and control</font></font><font style="border:none;">&nbsp;</font></p>

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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Country_risk_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The
COVID-19 pandemic, and its impact on growth, employment, debt dynamics and
supply chains, has become the primary and overwhelming driver of country risk,
and we expect this to be the case for at least the next several months. We
expect measures taken by governments and central banks that are intended to
support their economies to give rise to increased sovereign risk within the
respective countries.</font></p>

<p style="margin:0cm;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;">We remain watchful of developments in Europe
and political changes in a number of countries. Our direct exposure to
peripheral European countries is limited, although we have significant country
risk exposure to major European economies, including the UK, Germany and
France. The UK&#8217;s process of withdrawing from the EU remains an area of concern.</font></p>

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


</font><p style="margin:0cm;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;">We continue to
monitor potential trade policy disputes, although those have been less
prominent in the context of the pandemic.</font></p>

<p style="margin:0cm;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;">A number of emerging markets are facing
economic, political and market pressures. Separately, our
direct exposure to China increased to USD&nbsp;7.0 billion and our exposure to
Thailand increased to USD&nbsp;3.9 billion, as of 31 March 2020, both from
activities of the Investment Bank. We expect the exposure to Thailand to
decrease as loan underwriting transactions are de-risked through syndication.</font></p>

<p style="margin:0cm;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;">Our exposure to emerging market countries is
well diversified. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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 our Annual
Report 2019 for more information</font></b></p>








<p style="margin:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:8.25pt;">
  <td colspan=14 width=93% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Exposures to eurozone countries
  rated lower than AAA / Aaa by at least one major rating agency </font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=27% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=10 width=57% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:20.25pt;">
  <td valign=bottom width=27% style="border:none;border-bottom:solid #74726F 1.0pt;height:20.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="height:20.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=16% style="border:none;border-bottom:solid #74726F 1.0pt;height:20.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Banking products, gross<sup>1</sup></font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-top:solid #74726F 1.0pt;height:20.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=16% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:20.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Traded products</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-top:solid #74726F 1.0pt;height:20.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:20.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Trading inventory</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-top:solid #74726F 1.0pt;height:20.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:20.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:20.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:20.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td valign=bottom width=27% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:19.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Before</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">hedges</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net of</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">hedges</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Before</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">hedges</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net of</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">hedges</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net long per issuer</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net of</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">hedges</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net of</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">hedges</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=27% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Austria</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;88&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;87&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;48&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,103&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,280&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,238&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,183&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,148&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=27% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Belgium</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;142&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;142&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;381&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;381&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;148&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;671&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;671&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;609&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;609&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=27% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Finland</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;121&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;121&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;598&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;733&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;733&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;965&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;965&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=27% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">France</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,437&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,437&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,328&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,215&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,603&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,368&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,255&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,473&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,353&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=27% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Greece</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=27% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Ireland</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,125&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,123&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;102&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,273&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,272&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;884&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;884&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=27% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Italy</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;867&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;802&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;284&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;268&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;246&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,397&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,316&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,240&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,139&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=27% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Portugal</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;79&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;79&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;110&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;109&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;94&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;94&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=27% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Spain</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;565&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;73&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;73&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;242&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;880&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;850&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;774&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;745&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=27% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;694&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;678&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;759&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;743&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;72&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;56&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=27% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,971&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,850&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,437&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,267&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,081&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,490&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,198&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11,310&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11,001&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=15 valign=top width=100% style="border:none;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Before deduction of IFRS 9 ECL allowances and provisions.&#160;&#160;&#160; 2
  Represents aggregate exposures to Andorra, Cyprus, Estonia, Latvia,
  Lithuania, Malta, Monaco, Montenegro, San Marino, Slovakia and Slovenia.</font></p>
  </td>
 </tr>
</table></div>



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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Operational_risk_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The global spread of COVID-19 </font><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">and
unprecedented market volumes continue to test our operational resilience and to
increase our inherent operational risks. To </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">mitigate
these risks,</font><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;"> we have </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">modified
the way we carry out our operations, including changes to our monitoring, management and supervision processes, and</font><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;"> rapidly deployed our business resilience strategies, with all
regions currently operating without significant business disruption.</font></p>

<p style="margin:0cm;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;">We are focused on the safety and well-being
of our staff, the operational resilience of the firm and the operational
continuity needed to serve our clients. To maintain our operations while
complying with governmental requirements imposed in many of our principal
locations, and to protect the health of our employees, we have enabled around
ninety thousand internal and external staff to work remotely, including client
coverage and trading staff where permitted by applicable regulations. Our <br clear=all>
recent investments in infrastructure have enabled us to implement these
measures without a material disruption in our operations or service to clients.
We have achieved this while also managing much higher transaction volumes and
deploying measures designed to maintain effective
supervision, monitoring, management and mitigation in the key risk areas of
operational risk and resilience, conduct risk, and financial crime during this
challenging time. </font></p>

<p style="margin:0cm;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;">Remote working arrangements can lead to
increased conduct risk, inherent risk of fraudulent activities and potential
increases in the number of suspicious transactions, as well as unauthorized
trades, risk of market abuse or manipulation, and have also increased information security risks (in particular, with regard to client
identifying data and unpublished price-sensitive information). We have taken
measures to adapt our employee conduct monitoring and supervision processes to
address the changes to conduct risks, and have not observed a meaningful
increase in the number of incidents. </font></p>








<p style="margin:0cm;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>









<DIV bclFooter>

 <p style="border:none;margin:0cm;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="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;">36</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_42"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;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;">We have launched
programs to educate clients and employees on fraud risk and updated our
protocols for interaction to mitigate this risk. We also implemented additional
monitoring and analytics to closely track fraud risk and are keeping a close
eye on emerging trends to deploy further mitigating activity as necessary. In
response to the recent market disruption, a number of focused reviews of the
firm&#8217;s suitability framework are taking place. These include reviews of
products where significant losses have been experienced by clients and the
firm, investor risk profiles, transaction churning controls, and product
disclosures. </font></p>

<p style="margin:0cm;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;">Significant</font><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">
volatility was experienced in
financial markets during March, leading to heightened inherent market conduct risk.
Transaction volumes have grown in excess of 300% in some markets, resulting in
some delays in operational processing and monitoring. We have been able to
deploy additional hardware solutions to ensure ongoing and appropriate
monitoring while expediting processing times. </font></p>

<p style="margin:0cm;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 volume of transactions and market
volatility, combined with business continuity management activities, a move to
split locations and an increase in absences have stretched capacity in the
Investment Bank, and contributed to an increase in operational errors. Group
Operations continue daily monitoring of processes and risk areas, which are
actively managed with the divisions, with critical processes being completed
and teams addressing any backlogs to manage market liquidity and funding and
reduce our exposure. As transaction volumes have come down from peaks, our
focus shifted to the clearance of the backlog of failures and breakages. </font></p>

<p style="margin:0cm;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;">Increases in the sophistication of
COVID-19-themed cyberattacks and frauds are being observed worldwide.
Externally, cyber threat is characterized by a continuous high number of data
theft cases and third-party compromises, an increased number of cases of
ransomware extortions and decreased cyber fraud trends, such as SWIFT and
Interbank attacks. COVID-19- and working-from-home-themed malware targeting the
financial industry is evident, but the sophistication thereof remains low.
Similar to the fourth quarter of 2019, the first quarter of 2020 saw large numbers
of data theft cases, mainly due to other organizations&#8217; vulnerable
infrastructure. We are in contact with key suppliers to assess their continuing
ability to safeguard our services. To-date, we believe that our security
controls have been effective, with no significant cyber incidents affecting UBS
during the quarter. </font></p>

<p style="margin:0cm;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;">All business division and Group Functions Chief
Operating Officers are maintaining a list of exceptions granted, process or
control reductions (e.g., scope or frequency) in relation to ways of working
and/or market impacts of the current situation. The identification and
assessment of potential &#8220;Day 2&#8221; risks and their longer-term impact is underway,
in order to prioritize and determine required actions to address
post-containment risk.</font></p>

<p style="margin:0cm;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;">In addition to the immediate COVID-19
impacts, financial crime (including money laundering, terrorist financing,
sanctions violations, fraud, bribery and corruption) continues to present a
major risk, as technological innovation and geopolitical developments increase
the complexity of doing business and heightened regulatory attention persists.
We continue to prioritize our efforts to meet the developing nature of these
risks and to invest heavily in our detection capabilities and core systems as
part of our financial crime prevention program, with a focus on improving these
to meet regulatory expectations. The Office of the Comptroller of the Currency
issued a Cease and Desist Order against the firm in May 2018 related to our US
branch know-your-customer and anti-money laundering (AML) programs. As a
response, the firm initiated an extensive program that seeks to ensure
sustainable remediation of US-relevant Bank Secrecy Act / AML issues across all
US legal entities. In addition to the significant improvement measures
introduced in 2019, we have also focused on strategic enhancements in the areas
of AML / know-your-customer and sanctions on a global scale to cope with the
evolving risk profile and regulatory expectations.</font></p>

<p style="margin:0cm;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 portfolio of high-rated operational risk
issues continued to decrease by 21% through the first quarter 2020, with the
number of significant operational risk issues down 50% compared with the end of
the first quarter last year. This trend indicates a more holistic approach to
the identification of operational risk issues, accountability for ownership,
and a focus on resolution of the underlying root causes despite the volatile
global environment.</font></p>








<p style="margin:0cm;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 bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">37</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_43"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Balance sheet,
 liquidity and funding management</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">Balance sheet, liquidity and funding
management<a name="Balance_sheet_narratives"></a></font></p>








<p style="margin-bottom:10.5pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="Strategy_objectives"></a><a name="Balance_sheet_narratives_bclEnd"></a><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Strategy,
objectives and governance</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Strategy_objectives_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.2pt;line-height:11.5pt;">This section provides balance sheet,
liquidity and funding management information and should be read in conjunction
with the &#8220;Treasury management&#8221; section of our Annual Report 2019, which
provides more information about the Group&#8217;s strategy, objectives and governance
in connection with liquidity and funding management. </font></p>

<p style="margin:0cm;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;">Balances disclosed in
this section represent quarter-end positions, unless indicated otherwise.
Intra-quarter balances fluctuate in the ordinary course of business and may
differ from quarter-end positions.</font></p>

<p style="margin-bottom:10.5pt;margin-left:0cm;margin-right:0cm;margin-top:10.5pt;"><a name="Assets_liquidity_mgmt"></a><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.0pt;">Assets and liquidity management</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="Assets_liquidity_mgmt_bclEnd"></a><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Balance sheet assets
(31 March 2020 vs 31 December 2019)</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.2pt;line-height:11.5pt;">As of 31&nbsp;March
2020, balance sheet assets totaled USD&nbsp;1,098 billion, an increase of USD&nbsp;126
billion compared with 31&nbsp;December 2019, mainly as a result of significant
levels of market activity, reflecting the effects of the COVID-19 pandemic. </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Total assets excluding derivatives and cash collateral receivables
on derivative instruments increased by USD&nbsp;19 billion to USD&nbsp;846
billion,</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.2pt;line-height:11.5pt;"> mainly driven by increases in cash
and balances at central banks, lending assets, other financial assets measured
at amortized cost and fair value, and securities financing transactions at
amortized cost. This was partly offset by decreases in trading portfolio assets
and in non-financial assets and financial assets for unit-linked investment
contracts.</font></p>

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


</font><p style="margin:0cm;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;">Cash and balances at central banks increased
by USD&nbsp;32 billion due to the Group increasing its overall liquidity
reserves in a volatile market environment, higher deposits and lower funding
consumption by the business divisions. Lending assets increased by USD&nbsp;15
billion, mainly in Global Wealth Management and the Investment Bank. Other
financial assets measured at amortized cost and fair value increased by USD&nbsp;6
billion, as the Group invested in high-quality liquid assets (HQLA). Securities
financing transactions increased by USD&nbsp;5 billion, mainly due to the
sourcing of additional collateral in Group Treasury.</font></p>

<p style="margin:0cm;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;">These increases were partly offset by a
decrease of USD&nbsp;37 billion in trading portfolio assets, mainly in the
Investment Bank, primarily reflecting a reduction in inventory levels to
increase funding available for its business activities as well as market-driven
movements. Non-financial assets and financial assets for unit-linked investment
contracts decreased by USD&nbsp;5 billion, largely reflecting market-driven
movements in financial assets for unit-linked investment contracts.</font></p>

<p style="margin:0cm;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;">Derivatives and cash collateral receivables
on derivative instruments increased by USD&nbsp;107 billion, in a volatile
market environment, primarily reflecting market-driven movements in foreign
exchange and equity/index contracts in our Derivatives &amp; Solutions and
Financing businesses in the Investment Bank.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Consolidated financial statements&#8221; section of this
report for more information</font></b></p>








<p style="margin:0cm;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:0cm;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 style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of </font></p>
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash and balances at central banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;139.3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;107.1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Lending<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;354.5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;339.2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Securities financing transactions at amortized cost</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89.6&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;84.2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Trading portfolio<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;90.5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;127.5&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(29)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivatives and cash collateral receivables on derivative instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;252.5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;145.1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;74&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Brokerage receivables</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20.3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other financial assets measured at amortized cost and fair value<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;91.3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;85.6&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Non-financial assets and financial assets for unit-linked
  investment contracts</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;60.0&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;65.4&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total assets</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,098.1&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;972.2&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=6 valign=top width=100% style="border:none;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Consists of loans and advances to banks and customers.&#160;&#160;&#160; 2
  Consists of financial assets at fair value held for trading.&#160;&#160;&#160; 3 Consists of
  financial assets at fair value not held for trading, financial assets
  measured at fair value through other comprehensive income and other financial
  assets measured at amortized cost, but excludes financial assets for
  unit-linked investment contracts.</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;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 style="border:none;margin:0cm;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 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 style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><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:0cm;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 the first quarter of 2020, the UBS
Group liquidity coverage ratio (LCR) increased 5 percentage points to 139%,
remaining above the 110% Group LCR requirement communicated by FINMA. </font></p>

<p style="margin:0cm;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 LCR increase was primarily driven by higher
average HQLA balances due to lower funding consumption by the business
divisions and higher customer deposit balances in Global Wealth Management. In addition,
average net cash outflows decreased due to reduced secured financing
transactions and higher average inflows from customer lending, which were
partially offset by higher average outflows from customer deposits.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Treasury management&#8221; section of our Annual Report 2019
for more information about liquidity management and the liquidity coverage
ratio</font></b></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Liquidity coverage ratio</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion, except where
  indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Average 1Q20<sup>1</sup></font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Average 4Q19<sup>1</sup></font></p>
  </td>
 </tr>
<tr style="height:3.95pt;">
  <td colspan=4 width=100% style="border:none;height:3.95pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">High-quality liquid assets<sup>2</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash balances<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;106&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;100&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Securities (on- and off-balance sheet)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;65&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;66&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total high-quality liquid
  assets<sup>4</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;171&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;166&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.95pt;">
  <td width=73% style="border:none;height:3.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;height:3.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;height:3.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash outflows<sup>2</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Retail deposits and deposits from small business customers</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;28&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Unsecured wholesale funding</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;110&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;106&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Secured wholesale funding</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;71&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;74&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other cash outflows</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;40&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;40&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total cash outflows</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;250&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;248&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.95pt;">
  <td width=73% style="border:none;height:3.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;height:3.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;height:3.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash inflows<sup>2</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Secured lending</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;81&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;81&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Inflows from fully performing exposures</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other cash inflows</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total cash inflows</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;127&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;123&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.95pt;">
  <td width=73% style="border:none;height:3.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;height:3.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;height:3.95pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Liquidity coverage ratio</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">High-quality liquid assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;171&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;166&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net cash outflows</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;122&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;124&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=73% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Liquidity coverage ratio (%)<sup>5</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;139&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;134&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=4 valign=top width=100% style="border:none;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Calculated based on an average of 63 data points in the first
  quarter of 2020 and 64 data points in the fourth quarter of 2019.&#160;&#160;&#160; 2
  Calculated after the application of haircuts and inflow and outflow rates.&#160;&#160;&#160;
  3&nbsp;Includes cash and balances at central banks and other eligible
  balances as prescribed by FINMA.&#160;&#160;&#160; 4 Calculated in accordance with FINMA
  requirements.&#160;&#160;&#160; 5 Calculated after the application of haircuts and inflow
  and outflow rates as well as, where applicable, caps on Level 2 assets and
  cash inflows.</font></p>
  </td>
 </tr>
</table></div>



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








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

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><a name="Liabilities_funding_mgmt_bclEnd"></a><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Liabilities (31 March 2020 vs 31 December 2019)</font></p>

<p style="margin:0cm;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;">Total liabilities increased by USD&nbsp;123
billion to USD&nbsp;1,040 billion as of 31&nbsp;March 2020. Total liabilities
excluding derivatives and cash collateral payables on derivative instruments increased
by USD&nbsp;23 billion to USD&nbsp;788 billion as of 31&nbsp;March 2020, mainly
driven by increases in customer deposits, short-term borrowings and securities
financing transactions at amortized cost. This was partly offset by decreases
in long-term debt issued and non-financial liabilities and financial
liabilities related to unit-linked investment contracts.</font></p>

<p style="margin:0cm;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;">Customer deposits increased by USD&nbsp;18 billion,
mainly in Global Wealth Management in the Americas, as clients reduced their
investment portfolios and increased cash holdings. Short-term borrowings increased
by USD&nbsp;18 billion and securities financing transactions at amortized cost
increased by USD&nbsp;5 billion, both on the back of actions taken to increase liquidity
available to the Group.</font></p>

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


</font><p style="margin:0cm;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;">Long-term debt decreased by USD&nbsp;14
billion, driven by lower </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Debt issued designated at fair value</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">,&nbsp;</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;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;">reflecting
market-driven movements and a significant widening of UBS&#8217;s credit spreads. Non-financial
liabilities and financial liabilities related to unit-linked investment
contracts decreased by USD&nbsp;7 billion, mainly due to market-driven
movements related to unit-linked investment contracts.</font></p>

<p style="margin:0cm;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;">Derivatives and cash collateral payables on
derivative instruments increased by USD&nbsp;100 billion, in line with the
aforementioned increase in derivative financial assets and cash collateral
receivables.</font></p>

<p style="margin:0cm;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 &#8220;Liabilities by product and currency&#8221;
table in this section provides more information about our funding sources.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Bondholder information&#8221; at</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;font-style:normal;line-height:11.5pt;"> </font></b><b><i><font color=windowtext face="Frutiger 45 Light Bold" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;text-decoration:none;">www.ubs.com/investors&nbsp;</font></i></b><b><i><font face="Frutiger 45 Light Bold" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;"> </font></i></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">for
more information about capital and senior debt instruments </font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Consolidated financial statements&#8221; section of this
report for more information</font></b></p>




<p style="margin:0cm;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:0cm;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="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;">39</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_45"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Balance sheet,
 liquidity and funding management</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Equity (31 March 2020 vs 31 December 2019)</font></p>

<p style="margin:0cm;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;">Equity attributable to shareholders increased
to USD&nbsp;57,949 million as of 31&nbsp;March 2020, from USD&nbsp;54,533
million as of 31&nbsp;December 2019.</font></p>

<p style="margin:0cm;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;">Total comprehensive income attributable to
shareholders was USD&nbsp;4,197 million, reflecting net profit of USD&nbsp;1,595
million and positive other comprehensive income (OCI) of USD&nbsp;2,602 million.
OCI mainly included positive cash flow hedge OCI of USD&nbsp;1,505 million,
positive OCI related to own credit of USD&nbsp;934 million, positive defined
benefit plan OCI of USD&nbsp;153 million, positive OCI related to debt
instruments measured at fair value through OCI of USD&nbsp;147 million and
negative foreign currency translation OCI of USD&nbsp;145 million.</font></p>

<p style="margin:0cm;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;letter-spacing:-.1pt;line-height:11.5pt;">Share premium
decreased by USD&nbsp;431 million, mainly due to the delivery of treasury
shares under share-based compensation plans.</font></p>

<font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;"><br clear=all>


</font><p style="margin:0cm;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;">Net treasury shares activity decreased equity
attributable to shareholders by USD&nbsp;310 million, primarily reflecting repurchases
of USD&nbsp;364 million of shares under our share repurchase program. The
aforementioned delivery of treasury shares was largely offset by purchases of
shares from the market to hedge our future share delivery obligations related
to employee share-based compensation awards.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Consolidated financial statements&#8221; and &#8220;Group
performance&#8221; sections of this report for more information</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;UBS shares&#8221; in the &#8220;Capital management&#8221; section of this
report for more information about the share repurchase program</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:0cm;"><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:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
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  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Liabilities and equity</font></b></p>
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  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of </font></p>
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
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<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
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<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Short-term borrowings<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46.0&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;28.4&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;62&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Securities financing transactions at amortized cost</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.9&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.8&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;65&nbsp;</font></p>
  </td>
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<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Customer deposits</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;465.9&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;448.3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Long-term debt issued<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;141.6&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;155.5&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(9)&nbsp;</font></p>
  </td>
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<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Trading portfolio<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32.6&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30.6&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivatives and cash collateral payables on derivative
  instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;252.3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;152.3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;66&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Brokerage payables</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37.7&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37.2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other financial liabilities measured at amortized cost and fair
  value<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17.5&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Non-financial liabilities and financial liabilities related to
  unit-linked investment contracts</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32.8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39.9&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(18)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total liabilities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,040.0&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;917.5&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Share capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Share premium</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17.6&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Treasury shares</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3.6)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3.3)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Retained earnings</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36.8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34.2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other comprehensive income<sup>5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total equity attributable to
  shareholders</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;57.9&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54.5&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity attributable to non-controlling interests</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.2&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total equity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;58.1&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54.7&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,098.1&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;972.2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:18.0pt;">
  <td colspan=6 valign=top width=100% style="border:none;height:18.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Consists of short-term debt issued measured at amortized cost
  and amounts due to banks.&#160;&#160;&#160; 2 Consists of long-term debt issued measured at
  amortized cost and debt issued designated at fair value. The classification
  of debt issued into short-term and long-term does not consider any early
  redemption features. Long-term debt issued also includes debt with a
  remaining time to maturity of less than one year.&#160;&#160;&#160; 3&nbsp;Consists of
  financial liabilities at fair value held for trading.&#160;&#160;&#160; 4 Consists of
  financial liabilities at fair value not held for trading, financial
  liabilities measured at fair value through other comprehensive income and
  other financial liabilities measured at amortized cost, but excludes
  financial liabilities related to unit-linked investment contracts.&#160;&#160;&#160;
  5&nbsp;Excludes other comprehensive income related to defined benefit plans
  and own credit that is recorded directly in Retained earnings.</font></p>
  </td>
 </tr>
</table></div>






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  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Off-balance sheet</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
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  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
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 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of</font></p>
  </td>
 <td width=1% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total guarantees<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.2&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.5&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(2)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loan commitments<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41.0&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33.1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">24</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Forward starting reverse repurchase agreements<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46.3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21.9&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">111</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Forward starting repurchase agreements<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32.5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">301</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Committed unconditionally revocable credit lines<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34.5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35.1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(2)</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=6 valign=top width=100% style="border:none;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 These lines provided in this table are aligned with the scope
  disclosed in &#8220;Note 17 Guarantees, commitments and forward starting
  transactions&#8221; in the &#8220;Consolidated financial statements&#8221; section of this
  report. Total guarantees and Loan commitments are shown net of
  sub-participations.&#160;&#160;&#160; 2 Refer to &#8220;Note 10 Expected credit loss measurement&#8221;
  in the &#8220;Consolidated financial statements&#8221; section of this report for more
  information.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:justify;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Off-balance sheet (31 March 2020 vs 31 December 2019)</font><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &nbsp;</font></p>

<p style="margin:0cm;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;">Loan commitments increased by USD&nbsp;8
billion, mainly due to client activity in our Global Banking and Global Markets
businesses in the Investment Bank. This increase includes USD&nbsp;1.2 billion
in Personal &amp; Corporate Banking, related to the Swiss government-backed
lending program.</font></p>

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


</font><p style="margin:0cm;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;">Forward starting reverse repurchase
agreements and forward starting repurchase agreements both increased by USD&nbsp;24
billion, primarily in Group Functions, reflecting higher market activity in
short-dated securities financing transactions.</font></p>

<p style="margin:0cm;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;">Guarantees were stable at USD&nbsp;16
billion.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Recent developments&#8221; section of this report for more
information about the Swiss Federal Council loan guarantee scheme</font></b></p>

<p style="margin:0cm;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:0cm;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:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td width=78% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Pro forma net stable funding
  ratio</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=78% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion, except where
  indicated</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=78% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Available stable funding</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;503&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;488&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=78% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Required stable funding</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;443&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;442&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=78% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Pro forma net stable funding
  ratio (%)</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;114&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;111&nbsp;</font></p>
  </td>
 </tr>
</table></div>



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

<p style="margin:0cm;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&nbsp;March 2020, our
estimated pro forma net stable funding ratio (NSFR) was 114%, an increase of 3
percentage points compared with 31&nbsp;December 2019, primarily reflecting a USD&nbsp;15
billion increase in available stable funding, primarily driven by increases in
deposits and capital instruments. Required stable funding increased by USD&nbsp;1
billion.</font></p>

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


</font><p style="margin:0cm;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 calculation of our pro forma NSFR
includes estimates of the effect of the Basel Committee on Banking Supervision
rules and will be refined when NSFR rule-making is completed in Switzerland and
as regulatory interpretations evolve and new models and associated systems are
enhanced.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Treasury management&#8221; section of our Annual Report 2019
for more information about the net stable funding ratio</font></b></p>








<p style="margin:0cm;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:0cm;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 bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">41</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_47"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Balance sheet,
 liquidity and funding management</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td colspan=19 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Liabilities by product and currency</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></b></p>
  </td>
 <td width=1% style="border:none;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=14 width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As a percentage of total liabilities</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">All currencies</font></b></p>
  </td>
 <td width=1% style="height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD</font></b></p>
  </td>
 <td width=1% style="border:none;border-top:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=13% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">CHF</font></b></p>
  </td>
 <td width=1% style="border:none;border-top:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=12% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">EUR</font></b></p>
  </td>
 <td width=1% style="border:none;border-top:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=12% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></b></p>
  </td>
 <td width=1% style="border:none;border-top:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=12% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">All currencies</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Short-term borrowings</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">46.0</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">28.4</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2.5</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.6</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.7</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.6</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.9</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.7</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.4</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.1</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: due to banks</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">18.8</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">6.6</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.2</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.8</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.7</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: short-term debt
  issued<sup>1</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">27.2</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">21.8</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.4</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.4</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.6</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.5</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.7</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.5</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2.6</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2.4</font></i></p>
  </td>
 </tr>
<tr style="height:17.25pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Securities financing transactions</font></p>
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;at amortized cost</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">12.9</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">7.8</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.0</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.8</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.2</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.8</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Customer deposits</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">465.9</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">448.3</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">17.0</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">17.0</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">18.4</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">21.4</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5.3</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5.8</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.1</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.6</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">44.8</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">48.9</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: demand deposits</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">193.6</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">176.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.4</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">6.8</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">7.6</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.2</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.4</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2.6</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2.7</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">18.6</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">19.2</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: retail savings /
  deposits</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">189.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">168.6</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">7.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">6.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10.6</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">11.8</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.5</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.5</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">18.2</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">18.4</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: time deposits</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">52.9</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">62.3</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.6</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.8</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.3</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.7</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5.1</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">6.8</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: fiduciary deposits</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">30.5</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">41.4</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.4</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.7</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.9</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.8</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.5</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.8</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2.9</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.5</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Long-term debt issued<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">141.6</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">155.5</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">8.0</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10.0</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.3</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.6</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.0</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.4</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.4</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.9</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">13.6</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">16.9</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: senior unsecured
  debt </font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">56.2</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">55.7</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.5</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.8</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.9</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.4</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.5</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5.4</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">6.1</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: covered bonds</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2.6</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2.6</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: subordinated debt</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">20.9</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">21.8</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.5</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.8</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.4</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2.4</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: debt issued
  through the Swiss central mortgage institutions</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">8.6</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">8.6</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.8</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.9</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.8</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.9</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: other long-term
  debt</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: debt issued
  measured at fair value</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">53.3</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">66.8</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.5</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.8</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.5</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.6</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.8</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.8</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.2</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5.1</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">7.3</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Trading portfolio </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">32.6</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">30.6</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.1</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.1</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.6</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.5</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.3</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.7</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.1</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.3</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivatives and cash collateral payables on derivative
  instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">252.3</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">152.3</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">20.4</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">13.7</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2.1</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.8</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.5</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.9</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">24.3</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">16.6</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Brokerage payables</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">37.7</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">37.2</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2.8</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.0</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.5</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.6</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.6</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.1</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other financial liabilities measured at amortized cost and fair
  value<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">18.3</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">17.5</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.1</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.2</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.8</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.9</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=19% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Non-financial liabilities and financial liabilities related to
  unit-linked investment contracts</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">32.8</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">39.9</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.5</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.6</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2.4</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.4</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.2</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.4</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=19% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total liabilities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,040.0</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">917.5</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">54.4</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">49.0</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">20.8</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">24.1</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">12.4</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">12.7</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">12.4</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">14.2</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">100.0</font></b></p>
  </td>
 <td nowrap width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">100.0</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=19 valign=top width=100% style="border:none;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Short-term debt issued is comprised of certificates of
  deposit, commercial paper, acceptances and promissory notes, and other money
  market paper.&#160;&#160;&#160; 2 Consists of long-term debt issued measured at amortized
  cost and debt issued designated at fair value. The classification of debt
  issued into short-term and long-term does not consider any early redemption
  features. Long-term debt issued also includes debt with a remaining time to
  maturity of less than one year.&#160;&#160;&#160; 3 Consists of financial liabilities at
  fair value not held for trading, financial liabilities measured at fair value
  through other comprehensive income and other financial liabilities measured
  at amortized cost, but excludes financial liabilities related to unit-linked
  investment contracts.</font></p>
  </td>
 </tr>
</table></div>



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









<DIV bclFooter>

 <p style="border:none;margin:0cm;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="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;">42</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_48"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">Capital management<a name="Capital_management"></a><a name="Capital_management_bclEnd"></a></font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The disclosures in
this section are provided for UBS Group AG on a consolidated basis and focus on
key developments during the reporting period and information in accordance with
the Basel&nbsp;III framework, as applicable to Swiss systemically relevant
banks (SRBs). They should be read in conjunction with the &#8220;Capital management&#8221;
section of our Annual Report 2019, which provides more information about our
capital management objectives, planning and activities, as well as the Swiss
SRB total loss-absorbing capacity framework. New capital requirements effective
from 1&nbsp;January 2020 are provided on the next page.</font></p>

<p style="margin:0cm;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;">Additional regulatory disclosures for UBS
Group AG on a consolidated basis will be provided in our 31&nbsp;March 2020
Pillar&nbsp;3 report. The Pillar&nbsp;3 report further includes information
relating to our significant regulated subsidiaries and sub-groups (UBS&nbsp;AG
standalone, UBS Switzerland AG standalone, UBS Europe SE consolidated and UBS
Americas Holding LLC consolidated) as of 31&nbsp;March 2020 and is available under
&#8220;Pillar&nbsp;3 disclosures&#8221; at </font><i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">www.ubs.com/investors.&nbsp;</font></i></p>

<p style="margin:0cm;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;">Capital and other regulatory information for
UBS&nbsp;AG consolidated in accordance with the Basel&nbsp;III framework, as
applicable to Swiss SRBs, is provided in the UBS&nbsp;AG first quarter 2020
report, which will be available as of 4&nbsp;May 2020 under &#8220;Quarterly
reporting&#8221; at</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> </font></i><i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">www.ubs.com/investors.&nbsp;</font></i></p>

<p style="margin:0cm;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 Group AG is a holding company and
conducts substantially all operations through UBS AG and subsidiaries thereof.
UBS Group AG and UBS AG have contributed a significant portion of their
respective capital to, and provide substantial liquidity to, such subsidiaries.
Many of these subsidiaries are subject to regulations requiring compliance with
minimum capital, liquidity and similar requirements.</font></p>









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

 <p align=right style="border:none;margin:0cm;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="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;">43</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_49"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Capital management</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:18.0pt;line-height:20.0pt;">Swiss
SRB requirements and information<a name="Regulatory_framework_bclEnd"></a><a name="Swiss_SRB_requirements_and_info_bclEnd"></a></font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><a name="Capital_requirements"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">As of 1&nbsp;January 2020, we have fully phased in the going and
gone concern requirements according to the Swiss Capital Adequacy Ordinance (the
CAO) that includes the too-big-to-fail provisions applicable to Swiss SRBs,
which became effective on 1&nbsp;July 2016 and were subject to phasing in until
1&nbsp;January 2020. Information about the Swiss SRB capital framework and
about Swiss SRB going and gone concern requirements that were phased in until
the end of 2019 is provided in the &#8220;Capital management&#8221; section of our Annual
Report 2019</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">.&nbsp;</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:0cm;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;">In addition, we adopted the CAO issued in
November 2019 whereby instruments available to meet gone concern requirements
remain eligible until one year before maturity without the previously
applicable 50% haircut in the last year of eligibility.</font></p>

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


</font><p style="margin:0cm;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 aforementioned requirements are also
applicable to UBS&nbsp;AG consolidated. UBS Switzerland AG and UBS&nbsp;AG are
also subject to going and gone concern requirements on a standalone basis, as
detailed in our 31&nbsp;March 2020 Pillar&nbsp;3 report and in our
31&nbsp;December 2019 Pillar&nbsp;3 report, which is available under &#8220;Pillar 3
disclosures&#8221; at </font><i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">www.ubs.com/investors.&nbsp;</font></i></p>

<p style="margin:0cm;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 table below
provides the risk-weighted assets (RWA)- and leverage ratio denominator
(LRD)-based requirements and information as of 31&nbsp;March 2020, excluding
the effects of the temporary exemption of central bank sight deposits for going
concern leverage ratio calculation granted by the Swiss Financial Market Supervisory
Authority (FINMA) on 25&nbsp;March 2020 in connection with COVID-19. The
effects of the temporary exemption are presented on the following page.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:9.0pt;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; </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;Recent developments&#8221; section of this report for more
information about the COVID-19-related regulatory and legal developments</font></b></p>








<p style="margin:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:12.75pt;">
  <td colspan=7 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Swiss SRB going and gone
  concern requirements and information</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of 31.3.20</font></b></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=18% style="border:none;border-bottom:solid #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">RWA</font></b></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=17% style="border:none;border-bottom:solid #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">LRD<sup>1</sup></font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million, except where
  indicated</font></i></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">in %</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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">in %</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Required going concern
  capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total going concern capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13.96<sup>2</sup></font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39,949&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.88<sup>2</sup></font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46,602&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.66&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27,640&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.38&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32,263&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.50&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,882&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.50&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14,339&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.14&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14,714&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.88&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17,924&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: countercyclical buffer<sup>3</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.02&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;45&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.30&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,309&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.50&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14,339&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: additional tier 1
  capital</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.50&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10,019&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.50&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14,339&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: additional tier 1
  buffer capital</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.80&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,290&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=63% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Eligible going concern
  capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total going concern capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.14&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;51,916&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.43&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;51,916&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.82&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,691&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.84&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,691&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing
  additional tier 1 capital<sup>4</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.32&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,225&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.59&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,225&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: high-trigger
  loss-absorbing additional tier 1 capital</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.46&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,761&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.33&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,761&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: low-trigger
  loss-absorbing additional tier 1 capital </font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.86</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,464&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.26&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2,464</font></i></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=63% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Required gone concern
  capital<sup>5</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total gone concern
  loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10.44&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29,899&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.71&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,476&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: base requirement</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.86&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,813&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.50&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;43,017&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: additional
  requirement for market share and LRD</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.08&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,092&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.38&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,585&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: applicable
  reduction on requirements</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3.50)&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(10,005)&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.16)&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11,126)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 15.5pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: rebate granted
  (equivalent to 42.5% of maximum rebate)</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2.27)&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6,497)&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.80)&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7,618)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 15.5pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: reduction for
  usage of low-trigger tier 2 capital instruments</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.23)&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3,508)&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.37)&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3,508)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=63% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Eligible gone concern
  capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total gone concern
  loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.57&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41,704&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.36&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41,704&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total tier 2 capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.64&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,551&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.79&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,551&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: low-trigger
  loss-absorbing tier 2 capital</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.45&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,017&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.73&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,017&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: non-Basel
  III-compliant tier 2 capital</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.19&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;534&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.06&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;534&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">TLAC-eligible senior
  unsecured debt</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.93&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34,153&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.57&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34,153&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=63% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=63% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Required total
  loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;24.40&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;69,848&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.59&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;82,077&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=63% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Eligible total
  loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32.71&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;93,620&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.79&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;93,620&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:18.75pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 LRD-based requirements and eligible capital presented in this
  table do not reflect the effects of the temporary exemption granted by FINMA
  in connection with COVID-19. Refer to the &#8220;Recent developments&#8221; section of
  this report for more information.&#160;&#160;&#160; 2 Includes applicable add-ons of 1.08%
  for RWA and 0.375% for LRD.&#160;&#160;&#160; 3 Reflects the countercyclical buffer (CCyB)
  requirement for Hong Kong and Luxembourg. The CCyBs of Switzerland and other
  countries have been deactivated or reduced in the first quarter of 2020,
  resulting in a temporary reduction of the capital requirement by 29 basis
  points compared with 31 December 2019.&#160;&#160;&#160; 4 Includes outstanding low-trigger
  loss-absorbing additional tier 1 (AT1) capital instruments, which are
  available under the Swiss SRB framework to meet the going concern
  requirements until their first call date. As of their first call date, these
  instruments are eligible to meet the gone concern requirements.&#160;&#160;&#160; 5 From 1
  January 2020 onward, a maximum of 25% of the gone concern&nbsp;requirements&nbsp;can
  be met with instruments that have a remaining maturity of between one and two
  years. </font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;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;">&nbsp;</font></p>









<DIV bclFooter>

 <p style="border:none;margin:0cm;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="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;">44</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_50"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Application of the temporary COVID-19-related FINMA exemption of
central bank sight deposits</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">In line with the
FINMA exemption rules that apply until 1&nbsp;July 2020 and may be extended,
the eligible LRD relief applicable to UBS is reduced by the going concern LRD equivalent
of the capital distribution that UBS plans to make after 25&nbsp;March 2020. <br clear=all>
The table below summarizes the effects on our Swiss SRB going concern capital
requirements and information. The FINMA exemption rules have no effect on our
Swiss SRB gone concern capital requirements and ratios.</font></p>

<p style="margin:0cm;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;">Outside of this section of this report, for
simplicity and due to the short-term nature of the FINMA exemption, we have
chosen to present LRD excluding the temporary FINMA exemption.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:12.75pt;">
  <td colspan=4 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Swiss SRB going concern
  requirements and information including temporary FINMA exemption</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of 31.3.20</font></b></p>
  </td>
 <td width=1% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=18% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">LRD</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million, except where
  indicated</font></i></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">in %</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:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator
  before temporary exemption</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;955,932&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Effective relief</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(78,469)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: central bank sight
  deposits eligible for relief</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(132,377)&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: reduction of
  relief due to planned dividend distribution<sup>1</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,908&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator
  after temporary exemption</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;877,463&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Required going concern
  capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total going concern capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.88&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;42,776&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.38&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29,614&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Eligible going concern
  capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total going concern capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.92&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;51,916&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=81% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.18&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,691&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=4 valign=top width=100% style="border:none;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Represents the leverage ratio denominator equivalent to a
  4.875% going concern leverage ratio requirement applied to the planned 2019
  dividend of USD 2,628 million, which includes the proposed first installment
  of the 2019 dividend (USD 0.365 per share, to be paid on 7 May 2020, subject
  to shareholder approval) and the special dividend of USD 0.365 per share
  (planned to be paid after EGM to be held on 19 November 2020).</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;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-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="SRB_BaselIII_capital_info_UBS_Gro"></a><a name="Total_loss_absorbing_capacity"></a><a name="Capital_requirements_bclEnd"></a></p>
<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">45</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_51"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Capital management</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:18.0pt;line-height:20.0pt;">Total loss-absorbing capacity<a name="Total_loss_absorbing_capacity_bclEnd"></a></font></p>








<p style="margin:0cm;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 Swiss SRB
going and gone concern information based on the rules that are effective from 1&nbsp;January
2020 and does not reflect the
effects of the temporary exemption of central bank sight deposits from leverage
ratio calculation granted by FINMA in connection with COVID-19. The effects of the
temporary exemption are presented on the previous page.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Recent developments&#8221; section of this report for more
information about the COVID-19-related regulatory and legal developments</font></b></p>

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







</font><p style="margin:0cm;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:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Swiss SRB going and gone
  concern information</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million, except where
  indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=79% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Eligible going concern
  capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total going concern capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;51,916&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;51,888&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total tier 1 capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;51,916&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;51,888&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,691&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,582&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing
  additional tier 1 capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,225&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,306&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: high-trigger
  loss-absorbing additional tier 1 capital</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,761&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13,892&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: low-trigger
  loss-absorbing additional tier 1 capital</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,464&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,414&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Eligible gone concern
  capital<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total gone concern
  loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41,704&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37,753&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total tier 2 capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,551&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,431&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: low-trigger
  loss-absorbing tier 2 capital</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,017&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,892&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: non-Basel
  III-compliant tier 2 capital</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;534&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;540&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">TLAC-eligible senior
  unsecured debt</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34,153&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30,322&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;93,620&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89,641&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Risk-weighted assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;286,256&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;259,208&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;955,932&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;911,325&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=79% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.1&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.8&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13.7&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.6&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing
  capacity ratio</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32.7&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=79% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratios (%)<sup>2</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.4&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.84&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.90&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.4&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing
  capacity leverage ratio</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.8&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:18.75pt;">
  <td colspan=4 valign=top width=100% style="border:none;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 The eligibility criteria applicable as of 1 January 2020 have
  been revised under the Capital Adequacy Ordinance issued in November 2019
  whereby instruments available to meet gone concern requirements remain
  eligible until one year before maturity without a haircut of 50% in the last
  year of eligibility. Refer to &#8220;Total loss-absorbing capacity and movement&#8221; on
  the following pages for more information.&#160;&#160;&#160; 2&nbsp;Leverage ratio
  denominator (LRD) and leverage ratios for 31 March 2020 do not reflect the
  effects of the temporary exemption granted by FINMA in connection with
  COVID-19. Refer to the &#8220;Recent developments&#8221; section of this report for more
  information.</font></p>
  </td>
 </tr>
</table></div>











<p style="margin:0cm;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 style="border:none;margin:0cm;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 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 style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Total loss-absorbing capacity and movement </font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Going concern
capital and movement</font></p>

<p style="margin:0cm;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&nbsp;March 2020, our going concern capital was stable at USD&nbsp;51.9
billion, as the increase in our common equity tier 1 (CET1) capital was mostly
offset by the net decrease in loss-absorbing additional tier 1 (AT1) capital.
Our CET1 capital increased by USD&nbsp;1.1 billion to USD&nbsp;36.7 billion,
mainly as a result of operating profit before tax</font><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">and compensation- and own
shares-related capital components, partly offset by share repurchases under our
share repurchase program, accruals for capital returns to shareholders, a
special contribution to the Swiss pension plan, current tax expense and foreign
currency translation effects. The net decrease in our AT1 capital was driven by
the call of a USD&nbsp;1.25 billion instrument denominated in US dollars,
partly offset by interest rate risk hedge, foreign currency translation and
other effects. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;UBS shares&#8221; in this section for more information about the
share repurchase program</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Gone concern loss-absorbing capacity and
movement</font></p>

<p style="margin:0cm;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;">Our total gone concern loss-absorbing
capacity increased by USD&nbsp;4.0 billion
to USD&nbsp;41.7 billion, mainly due to
two issuances of USD&nbsp;1.7 billion and USD&nbsp;0.1 billion equivalent of total
loss-absorbing capacity (TLAC)-eligible senior unsecured debt <br clear=all>
instruments denominated in euro and US dollars, a USD&nbsp;1.5 billion increase
in the eligibility of two TLAC-eligible senior unsecured debt instruments due to
the removal of the haircut in
their last year of eligibility, and interest rate risk hedge, foreign currency translation
and other effects. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Bondholder information&#8221; at</font></b><b><i><font face="Frutiger 45 Light Bold" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;"> </font></i></b><b><i><font color=windowtext face="Frutiger 45 Light Bold" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;text-decoration:none;">www.ubs.com/investors&nbsp;</font></i></b><b><i><font face="Frutiger 45 Light Bold" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;"> </font></i></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">for more information about the
eligibility of capital and senior unsecured debt instruments and about key
features and terms and conditions of capital instruments</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Loss-absorbing capacity and leverage
ratios</font></p>

<p style="margin:0cm;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;">Our CET1 capital ratio decreased 0.9 percentage
points to 12.8%, reflecting a USD&nbsp;27.0 billion increase in RWA, partly offset by
a USD&nbsp;1.1 billion increase in CET1 capital. </font></p>

<p style="margin:0cm;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;">Our CET1 leverage ratio (excluding the
above-mentioned FINMA exemption) decreased&nbsp;from 3.90% to 3.84% in the first
quarter of 2020, as the USD&nbsp;45 billion increase in LRD was partly offset
by the aforementioned increase in CET1 capital.</font></p>

<p style="margin:0cm;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;">Our gone concern loss-absorbing capacity
ratio remained stable at 14.6%, as the aforementioned increase in gone-concern
loss-absorbing capacity was completely offset by the aforementioned increase in
RWA. Our gone concern leverage ratio increased from 4.1% to 4.4%, mainly due to
the aforementioned increase in gone concern loss-absorbing capacity.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="SRB_BaselIII_capital_info_UBS_Gro_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>

<p style="margin:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Reconciliation of IFRS equity
  to Swiss SRB common equity tier 1 capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total IFRS equity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;58,118&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54,707&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity attributable to non-controlling interests</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(169)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(174)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Defined benefit plans, net of tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(260)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Deferred tax assets recognized for tax loss carry-forwards</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6,272)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6,121)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Deferred tax assets on temporary differences, excess over
  threshold</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(221)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Goodwill, net of tax<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5,983)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6,178)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Intangible assets, net of tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(170)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(195)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Compensation-related components (not recognized in net profit)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(980)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,717)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Expected losses on advanced internal ratings-based portfolio
  less provisions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(429)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(495)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Unrealized (gains) / losses from cash flow hedges, net of tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,765)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,260)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Own credit related to (gains) / losses on financial liabilities
  measured at fair value that existed at the balance sheet date,
  net&nbsp;of&nbsp;tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,037)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;48&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Unrealized gains related to debt instruments at fair value
  through OCI, net of tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(161)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(32)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Prudential valuation adjustments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(218)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(104)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Accruals for dividends to shareholders for 2019</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,628)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,628)&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:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: proposed first
  instalment of 2019 dividend, planned to be paid after the AGM to be held on
  29.4.20</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,314)&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: special dividend
  reserve for second instalment of 2019 dividend, planned to be paid after the
  EGM to be held on 19.11.20</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,314)&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(357)&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(40)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total common equity tier 1
  capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,691&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,582&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=4 valign=top width=100% style="border:none;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Includes goodwill related to significant investments in
  financial institutions of USD 20 million as of 31 March 2020 (31 December
  2019: USD 178 million) presented on the balance sheet line Investments in
  associates.&#160;&#160;&#160; 2&nbsp;Includes accruals for dividends to shareholders for the
  current year and other items.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_53"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Capital management</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Swiss SRB total loss-absorbing capacity movement</font></b></p>
  </td>
 <td width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td valign=bottom width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td valign=bottom width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=80% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=20% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Going concern capital</font></b></p>
  </td>
 <td width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Swiss SRB</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital
  as of 31.12.19</font></b></p>
  </td>
 <td width=20% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,582&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit before tax</font></p>
  </td>
 <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,008&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Current tax (expense) / benefit</font></p>
  </td>
 <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(222)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign currency translation effects</font></p>
  </td>
 <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(145)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Compensation- and own shares-related capital components
  (including share premium)</font></p>
  </td>
 <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;357&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Special contribution to the Pension Fund of UBS in Switzerland,
  as announced in 2018<sup>1</sup></font></p>
  </td>
 <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(235)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Share repurchase program</font></p>
  </td>
 <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(364)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other<sup>2</sup></font></p>
  </td>
 <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(290)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital
  as of 31.3.20</font></b></p>
  </td>
 <td width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,691&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loss-absorbing additional
  tier 1 capital as of 31.12.19</font></b></p>
  </td>
 <td width=20% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,306&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Call of a high-trigger loss-absorbing additional tier 1 capital
  instrument</font></p>
  </td>
 <td width=20% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,250)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest rate risk hedge, foreign currency translation and other
  effects</font></p>
  </td>
 <td width=20% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;169&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loss-absorbing additional
  tier 1 capital as of 31.3.20</font></b></p>
  </td>
 <td width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,225&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total going concern capital
  as of 31.12.19</font></b></p>
  </td>
 <td width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;51,888&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total going concern capital
  as of 31.3.20</font></b></p>
  </td>
 <td width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;51,916&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td nowrap valign=bottom width=80% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=20% style="background:white;border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Gone concern loss-absorbing
  capacity</font></b></p>
  </td>
 <td width=20% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tier 2 capital as of
  31.12.19</font></b></p>
  </td>
 <td width=20% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,431&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest rate risk hedge, foreign currency translation and other
  effects</font></p>
  </td>
 <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;120&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tier 2 capital as of 31.3.20</font></b></p>
  </td>
 <td width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,551&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">TLAC-eligible senior
  unsecured debt as of 31.12.19</font></b></p>
  </td>
 <td width=20% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30,322&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Issuance of TLAC-eligible senior unsecured debt instruments</font></p>
  </td>
 <td width=20% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,780&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Increase in eligibility due to revised regulation (removal of
  50% haircut in the last year of eligibility)</font></p>
  </td>
 <td width=20% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,472&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest rate risk hedge, foreign currency translation and other
  effects</font></p>
  </td>
 <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;579&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">TLAC-eligible senior
  unsecured debt as of 31.3.20</font></b></p>
  </td>
 <td width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34,153&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total gone concern
  loss-absorbing capacity as of 31.12.19</font></b></p>
  </td>
 <td width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37,753&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total gone concern
  loss-absorbing capacity as of 31.3.20</font></b></p>
  </td>
 <td width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41,704&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td nowrap valign=bottom width=80% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=20% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing capacity</font></b></p>
  </td>
 <td width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing
  capacity as of 31.12.19</font></b></p>
  </td>
 <td width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89,641&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing
  capacity as of 31.3.20</font></b></p>
  </td>
 <td width=20% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;93,620&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=2 valign=top width=100% style="border:none;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Similar contributions to be made in the first quarters of 2021
  and 2022, respectively. Refer to &#8220;Note 29 Pension and other post-employment
  benefit plans&#8221; in the &#8220;Consolidated financial statements&#8221; section of the
  Annual Report 2019 for more information.&#160;&#160;&#160; 2 Includes movements related to
  accruals for dividends to shareholders for the current year and other items.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;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-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="Additional_cap_info"></a></p>
<DIV bclFooter>

 <p style="border:none;margin:0cm;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="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;">48</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_54"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

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

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Sensitivity to currency movements </font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><i><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">Risk-weighted
assets</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">We
estimate that a 10% depreciation of the US dollar against other currencies
would have increased our RWA by USD&nbsp;12</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">billion and our CET1 capital by USD&nbsp;</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">1.1 </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">billion as of 31&nbsp;March 2020 (31&nbsp;December 2019:
USD&nbsp;11 billion and USD&nbsp;1.1 billion, respectively) and decreased our
CET1 capital ratio </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">15 </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">basis points (31&nbsp;December 2019: 14
basis points). Conversely, we estimate that a 10% appreciation of the US dollar
against other currencies would have decreased our RWA by USD&nbsp;11 billion
and our CET1 capital by USD&nbsp;</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">1.0 </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">billion
(31&nbsp;December 2019: USD&nbsp;</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">10 </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">billion
and USD&nbsp;</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">1.0 </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">billion, respectively) and increased our
CET1 capital ratio 14&nbsp;basis points (31&nbsp;December 2019: 14 basis
points).</font></p>

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

<p style="margin:0cm;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;">We estimate that a 10% depreciation
of the US dollar against other currencies would have increased our LRD by USD&nbsp;57 billion as of 31&nbsp;March 2020 </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">(31&nbsp;December 2019: USD&nbsp;57 billion) </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">and
decreased our Swiss SRB going concern leverage ratio 16 basis points </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">(31&nbsp;December 2019: 18 basis points)</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">. Conversely, we estimate
that a 10% appreciation of the US dollar against other currencies would have decreased
our LRD by USD&nbsp;52 billion </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">(31&nbsp;December 2019: USD&nbsp;51 billion) </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">and
increased our Swiss SRB going concern leverage ratio 16 basis points </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">(31&nbsp;December 2019: 18 basis points)</font><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:0cm;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 aforementioned sensitivities do not
consider foreign currency translation effects related to defined benefit plans
other than those related to the currency translation of the net equity of
foreign operations.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Active management of sensitivity to currency movements&#8221; in
the &#8220;Capital management&#8221; section of our Annual Report 2019 for more information</font></b></p>

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


</font><p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="AMA_model_EN"></a><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Estimated effect on capital from litigation, regulatory and similar
matters subject to provisions and contingent liabilities<a name="AMA_model_EN_bclEnd"></a></font></p>

<p style="margin:0cm;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;">We have estimated the loss in capital
that we could incur as a result of the risks associated with the matters
described in &#8220;Note&nbsp;16 Provisions and contingent liabilities&#8221; in the
&#8220;Consolidated financial statements&#8221; section of this report. We have used for
this purpose the advanced measurement approach (AMA) methodology that we use
when determining the capital requirements associated with operational risks,
based on a 99.9% confidence level over a 12-month horizon. The methodology
takes into consideration UBS and industry experience for the AMA operational
risk categories to which those matters correspond, as well as the external
environment affecting risks of these types, in isolation from other areas. On
this standalone basis, we estimate the loss in capital that we could incur over
a 12-month period as a result of our risks associated with these operational
risk categories at USD&nbsp;4.3 billion
as of 31&nbsp;March 2020. This estimate is not related to and does not take
into account any provisions recognized for any of these matters and does not
constitute a subjective assessment of our actual exposure in any of these
matters.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Operational risk&#8221; in the &#8220;Risk management and control&#8221;
section of our Annual Report 2019 for more information</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">16&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">
Provisions and contingent liabilities&#8221; in the &#8220;Consolidated financial statements&#8221;
section of this report for more information </font></b></p>









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

 <p align=right style="border:none;margin:0cm;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="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;">49</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_55"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Capital management</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:18.0pt;line-height:20.0pt;">Risk-weighted assets <a name="RWA_UBS_Group_bclEnd"></a></font></p>








<p style="margin:0cm;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;">During the first quarter of 2020, RWA
increased by USD&nbsp;27.0 billion to USD&nbsp;286.3 billion, reflecting increases from asset
size and other movements of USD&nbsp;27.4 billion,
methodology &amp; policy changes of USD&nbsp;2.9 billion and regulatory add-ons
of USD&nbsp;0.5 billion, partly offset by currency effects of USD&nbsp;1.9 billion and decrease in model updates of USD&nbsp;1.8
billion.</font></p>








<p style="margin:0cm;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:0cm;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>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td colspan=9 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Movement in risk-weighted
  assets by key driver</font></b></p>
  </td>
 </tr>
<tr style="height:23.25pt;">
  <td valign=bottom width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:23.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:23.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:23.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">RWA as of 31.12.19</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:23.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Currency</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">effects</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:23.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Methodology and policy changes</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:23.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Model updates / changes</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:23.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Regulatory add-ons</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:23.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset size and other<sup>1</sup></font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:23.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">RWA as of 31.3.20</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit and counterparty credit risk<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;153.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.7)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.9&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17.8&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;171.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Non-counterparty-related risk</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22.1&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.3)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Market risk</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.6&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.7)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.4&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.8&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15.1&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operational risk</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;77.5&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;77.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;259.2&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.9)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.9&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.8)&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27.4&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;286.3&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Includes the Pillar 3 categories &#8220;Asset size,&#8221; &#8220;Credit quality
  of counterparties,&#8221; &#8220;Acquisitions and disposals&#8221; and &#8220;Other.&#8221; For more
  information, refer to the 31 March 2020 Pillar 3 report under &#8220;Pillar 3 disclosures&#8221;
  at www.ubs.com/investors.&#160;&#160;&#160; 2 Includes settlement risk, credit valuation
  adjustments, equity exposures in the banking book and securitization
  exposures in the banking book.</font></p>
  </td>
 </tr>
</table></div>



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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">Credit and counterparty credit risk
RWA increased by USD&nbsp;18.9 billion to USD&nbsp;171.9 billion as of 31&nbsp;March
2020. </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The RWA movements described below exclude
currency effects.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">The RWA increased by USD&nbsp;17.8 billion driven
by asset size and other movements. This includes USD&nbsp;8.2 billion due to
increases of loans resulting from new business and the utilization of
previously unutilized credit facilities by clients, as well as increases in
unutilized credit facilities from new business. Of the aforementioned USD&nbsp;8.2
billion, the Investment Bank contributed USD&nbsp;6.6 billion, with the remainder
coming mostly from Personal &amp; Corporate Banking. Higher market volatility
and levels of client trading activity during the quarter increased derivatives
RWA by USD&nbsp;3.9 billion, of which the Investment Bank contributed USD&nbsp;2.5
billion. Higher client-driven volumes of securities financing transactions
increased the RWA of our Investment Bank by USD&nbsp;2.3 billion. Higher nostro
account balances and other receivables under Group Functions and the Investment
Bank increased the RWA by USD&nbsp;1.7 billion. Lastly, higher volatility and
resulting volumes also contributed to a higher number of unsettled trades as of
quarter-end, leading to USD&nbsp;0.9 billion in RWA increases. Changes in
credit ratings and loss given default did not have a material impact on RWA during
the quarter.</font></p>

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


</font><p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">RWA increased by USD&nbsp;2.9 billion from
methodology and policy changes. This increase was primarily driven by the
implementation of the standardized approach for counterparty credit risk
(SA-CCR), amounting to USD&nbsp;1.8 billion, predominantly in the Investment
Bank and Global Wealth Management. The implementation of revised capital
requirements for fund investments led to a USD&nbsp;0.6 billion increase in RWA,
mainly affecting Asset Management. </font></p>

<p style="margin:0cm;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;">We expect that further methodology changes
and model updates will increase credit and counterparty credit risk RWA by
around USD&nbsp;3 billion for the remainder of 2020. The extent and timing of
RWA changes may vary as methodology changes and model updates are completed and
receive regulatory approval. In addition, changes in the composition of the
relevant portfolios and other market factors will affect our RWA.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Credit risk models&#8221; in the &#8220;Risk management and control&#8221;
section of our Annual Report 2019 for more information </font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Effects of the COVID-19 pandemic on our financial and
capital position&#8221; in the &#8220;UBS&#8217;s response to COVID-19&#8221; section of this report
for more information</font></b></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="RWA_Market_risk"></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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 <p style="border:none;margin:0cm;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="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;">50</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_56"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin-bottom:12.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Market risk<a name="RWA_Market_risk_bclEnd"></a></font></b></p>

<p style="margin:0cm;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;">Market
risk RWA increased by USD&nbsp;8.5 billion to USD&nbsp;15.1 billion in the
first quarter of 2020, driven by an increase of USD&nbsp;9.8 billion in asset
size and other movements resulting from higher average regulatory and stressed
value-at-risk (VaR) levels, mainly driven by the Investment Bank&#8217;s Global
Markets business amid unprecedented and sharp market moves across asset classes
</font><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">and, to a lesser extent, due to regulatory
add-ons of USD&nbsp;0.4 billion, which reflect updates from the monthly
risks-not-in-VaR assessment</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">. This was partially offset by a decrease of USD&nbsp;1.7 billion
related to the ongoing parameter update of our VaR model. UBS did not benefit from FINMA&#8217;s temporary freezing of backtesting
exceptions.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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 this report
and our 31&nbsp;March 2020 Pillar&nbsp;3 report, available under &#8220;Pillar 3
disclosures&#8221; at</font></b><b><i><font face="Frutiger 45 Light Bold" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;"> </font></i></b><b><i><font color=windowtext face="Frutiger 45 Light Bold" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;text-decoration:none;">www.ubs.com/investors,&nbsp;</font></i></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">
for more information </font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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 &#8221;Market risk&#8221; in the &#8220;Risk management and control&#8221; section
of our Annual Report 2019 for more information</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Recent developments&#8221; section of this report for more
information about the COVID-19-related regulatory and legal developments</font></b></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:0cm;margin-right:0cm;margin-top:0cm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Operational risk</font></b></p>

<p style="margin:0cm;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;">Operational risk RWA were USD&nbsp;77.5
billion as of 31&nbsp;March 2020, unchanged from 31&nbsp;December&nbsp;2019.</font><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:11.5pt;"> </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The allocation of operational risk RWA to the business divisions was
updated as of 31&nbsp;March 2020, following the regular review cycle.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:9.0pt;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; </font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to &#8220;Operational risk&#8221; in the &#8220;Risk management and control&#8221;
section of our Annual Report 2019 for information about the advanced
measurement approach model</font></b></p>








<p style="margin:0cm;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:0cm;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>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td colspan=8 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Risk-weighted assets by
  business division and Group Functions</font></b></p>
  </td>
 </tr>
<tr style="height:27.75pt;">
  <td valign=bottom width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Management</font></b></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp;</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Banking</font></b></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Manage-</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">ment</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Bank</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group Functions</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">RWA</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=6 width=57% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit and counterparty credit risk<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37.7&nbsp;</font></p>
  </td>
 <td width=10% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;57.6&nbsp;</font></p>
  </td>
 <td width=10% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.7&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;64.8&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.1&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;171.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Non-counterparty-related risk<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.1&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.1&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.7&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.5&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.3&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Market risk</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.1&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.7&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operational risk</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33.6&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.7&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.6&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22.4&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.2&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;77.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;78.8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;67.4&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;102.8&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31.3&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;286.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td valign=top width=42% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=6 width=57% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit and counterparty credit risk<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35.0&nbsp;</font></p>
  </td>
 <td width=10% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;57.3&nbsp;</font></p>
  </td>
 <td width=10% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.8&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;50.6&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.3&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;153.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Non-counterparty-related risk<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.1&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.8&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.4&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.5&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Market risk</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.8&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.6&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.1&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operational risk</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35.9&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.7&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22.5&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.4&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;77.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;78.1&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;67.1&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.6&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;81.1&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;28.3&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;259.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td valign=top width=42% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=6 width=57% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20 vs 31.12.19</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit and counterparty credit risk<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.7&nbsp;</font></p>
  </td>
 <td width=10% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.3&nbsp;</font></p>
  </td>
 <td width=10% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.8&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.3&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.8&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Non-counterparty-related risk<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.3)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.4)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Market risk</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.5&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operational risk</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2.3)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.6&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.8&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.6&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.4&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21.7&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:23.25pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:23.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Includes settlement risk, credit valuation adjustments, equity
  exposures in the banking book and securitization exposures in the banking
  book.&#160;&#160;&#160; 2 Non-counterparty-related risk includes deferred tax assets
  recognized for temporary differences (31 March 2020: USD&nbsp;8.7 billion; 31
  December 2019: USD&nbsp;9.0 billion), property, equipment and software (31
  March 2020: USD&nbsp;12.7 billion; 31 December 2019: USD&nbsp;12.8 billion)
  and other items (31 March 2020: USD&nbsp;0.2 billion; 31 December 2019: USD&nbsp;0.4
  billion). </font></p>
  </td>
 </tr>
</table></div>






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

 <p align=right style="border:none;margin:0cm;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="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;">51</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_57"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Capital management</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:18.0pt;line-height:20.0pt;">Leverage ratio denominator<a name="CM_LRD_bclEnd"></a></font></p>








<p style="margin:0cm;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;">During the first quarter of 2020, the
LRD increased by USD&nbsp;45 billion to USD&nbsp;956 billion. This increase was
driven by an increase in asset size and other movements of USD&nbsp;53 billion,
partly offset by currency effects of USD&nbsp;8 billion. </font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font color=black 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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td colspan=6 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Movement in leverage ratio
  denominator by key driver<sup>1</sup></font></b></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td valign=bottom width=57% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">LRD as of </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></b></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Currency </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">effects</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset size and </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">other</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">LRD as of </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=57% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">On-balance sheet exposures (excluding derivative exposures and
  SFTs)<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;690.3&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4.7)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.9&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;704.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=57% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.8)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19.6&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;106.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=57% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;117.5&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.5)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.9&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;127.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=57% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27.9&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.1&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=57% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Deduction items</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13.3)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13.1)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=57% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;911.3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8.0)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;52.6&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;955.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=6 valign=top width=100% style="border:none;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 This table does not reflect the effects of the temporary
  exemption granted by FINMA in connection with COVID-19. Refer to the &#8220;Recent
  developments&#8221; section of this report for more information.&#160;&#160;&#160; 2 Excludes
  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.&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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 LRD movements described below
exclude currency effects and do not reflect the effects of the temporary
exemption of central bank sight deposits granted by FINMA in connection with
COVID-19. </font></p>

<p style="margin:0cm;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;">On-balance sheet exposures increased by USD&nbsp;19
billion, mainly driven by higher cash and balances with central banks and an increase
in lending, partly offset by reductions in trading assets. </font></p>

<p style="margin:0cm;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;">Derivative exposures increased by USD&nbsp;20
billion, mainly reflecting market-driven movements on equity and foreign
exchange contracts, as well as higher collateral placed with counterparties and
exchanges. </font></p>

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


</font><p style="margin:0cm;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;">Securities financing transactions (SFTs) increased
by USD&nbsp;12 billion, as a result of an increase in borrowing activities,
collateral sourcing and cash re-investment. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Balance sheet, liquidity and funding management&#8221;
section of this report for more information about balance sheet movements</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Recent developments&#8221; section of this report for more
information about the COVID-19-related regulatory and legal developments, and to
&#8220;Application of the temporary COVID-19-related FINMA exemption of central bank
sight deposits&#8221; in this section</font></b></p>














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 <p style="border:none;margin:0cm;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="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;">52</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;">&nbsp;</font></p>

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<DIV bclHeader>

 <p style="border:none;margin:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:12.75pt;">
  <td colspan=8 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Leverage ratio denominator by business division and Group
  Functions<sup>1</sup></font></b></p>
  </td>
 </tr>
<tr style="height:28.5pt;">
  <td valign=bottom width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Management </font></b></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp;</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Banking</font></b></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Management</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Bank</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group Functions</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=6 width=57% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total IFRS assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;309.9&nbsp;</font></p>
  </td>
 <td width=10% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;211.5&nbsp;</font></p>
  </td>
 <td width=10% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29.5&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;395.9&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;151.3&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,098.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Difference in scope of consolidation<sup>2</sup></font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.2)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(23.2)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(23.3)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Less: derivative exposures and SFTs<sup>3</sup></font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(35.8)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(21.0)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.8)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(257.7)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(55.0)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(370.3)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">On-balance sheet exposures</font></b></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;273.9&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;190.5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.5&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;138.2&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;96.4&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;704.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivative exposures</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.8&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89.6&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.9&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;106.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Securities financing transactions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19.6&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.8&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;62.7&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.8&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;127.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.5&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.8&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.2&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.3&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5.2)&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.2)&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.4)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.3)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6.0)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13.1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;310.6&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;226.5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.9&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;297.4&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;116.4&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;955.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=42% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=6 width=57% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total IFRS assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;309.8&nbsp;</font></p>
  </td>
 <td width=10% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;209.4&nbsp;</font></p>
  </td>
 <td width=10% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34.6&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;315.9&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;102.6&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;972.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Difference in scope of consolidation<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(28.2)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(28.3)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Less: derivative exposures and SFTs<sup>3</sup></font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(34.9)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(20.6)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.9)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(141.9)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(55.3)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(253.6)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">On-balance sheet exposures</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;274.7&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;188.8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.5&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;173.9&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47.4&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;690.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivative exposures</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;73.2&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Securities financing transactions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32.1&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19.6&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.9&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;38.9&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;26.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;117.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.7&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.8&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.3&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5.2)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.4)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.4)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.2)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6.2)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13.3)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;312.7&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;224.2&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;293.2&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;76.2&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;911.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=6 width=57% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20 vs 31.12.19</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total IFRS assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=10% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.1&nbsp;</font></p>
  </td>
 <td width=10% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5.0)&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;80.1&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;48.7&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;125.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Difference in scope of consolidation<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Less: derivative exposures and SFTs<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.9)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.4)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(115.8)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.3&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(116.7)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">On-balance sheet exposures</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.8)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.6&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(35.7)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;49.0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivative exposures</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.1&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.4&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Securities financing transactions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2.1)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23.8&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11.3)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.2)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.3&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2.1)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.3&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;40.2&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;44.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:23.25pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:23.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 This table does not reflect the effects of the temporary
  exemption granted by FINMA in connection with COVID-19. Refer to the &#8220;Recent
  developments&#8221; section of this report for more information.&#160;&#160;&#160; 2 Represents
  the difference between the IFRS and the regulatory scope of consolidation,
  which is the applicable scope for the LRD calculation.&#160;&#160;&#160; 3 Consists of
  derivative financial instruments, cash collateral receivables on derivative
  instruments, receivables from securities financing transactions, and margin loans
  as well as prime brokerage receivables and financial assets at fair value not
  held for trading, both related to securities financing transactions, in
  accordance with the regulatory scope of consolidation, which are presented
  separately under Derivative exposures and Securities financing
  transactions.&#160;&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>



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

 <p align=right style="border:none;margin:0cm;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="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;">53</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_59"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Capital management</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:18.0pt;line-height:normal;">Equity attribution and return on attributed
equity<a name="Equity_attribution_and_return_bclEnd"></a></font></p>








<p style="margin:0cm;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;">Under our equity attribution
framework, tangible equity is attributed based on a weighting of 50% each for
average risk weighted assets (RWA) and average leverage ratio denominator
(LRD), which both include resource allocations from Group Functions to the
business divisions. Average RWA and LRD are converted to their common equity
tier 1 (CET1) capital equivalents based on capital ratios of 12.5% and 3.75%,
respectively. If the attributed tangible equity calculated under the
weighted-driver approach is less than the CET1 capital equivalent of risk-based
capital (RBC) for any business division, the CET1 capital equivalent of RBC is
used as a floor for that business division.</font></p>

<p style="margin:0cm;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;">Furthermore, we allocate to business
divisions attributed equity that is related to certain CET1 deduction items,
such as compensation-related components and the expected losses on advanced
internal ratings-based portfolio less general provisions.</font></p>

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


</font><p style="margin:0cm;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;">In addition to tangible equity, we allocate
equity to our businesses to support goodwill and intangible assets. </font></p>

<p style="margin:0cm;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;">We attribute all remaining Basel III capital
deduction items to Group Functions. These deduction items include deferred tax
assets (DTAs) recognized for tax loss carry-forwards and DTAs on temporary
differences in excess of the threshold, which together generally constitute the
largest component, dividend accruals and unrealized gains from cash flow
hedges.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Capital management&#8221; section of our Annual Report 2019
for more information about the equity attribution framework</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Balance sheet, liquidity and funding management&#8221;
section of this report for more information about movements in equity
attributable to shareholders</font></b></p>

<p style="margin:0cm;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:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:10.5pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Average attributed equity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=32% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth Management</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.5&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.6&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.7&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.5&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset Management</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.8&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.8&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment Bank</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.4&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.3&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group Functions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.8&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.2&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: deferred tax
  assets<sup>1</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.9&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.0&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.3&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: related to retained
  RWA and LRD<sup>2,3</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.8&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.6&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.1&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: defined benefit
  plans</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.1&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: dividend accruals
  and others</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.9&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.5&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.1&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Average equity attributed to
  business divisions and Group Functions</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;56.2&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;55.4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Includes average attributed equity related to the Basel III
  capital deduction items for deferred tax assets (deferred tax assets
  recognized for tax loss carry-forwards and deferred tax assets on temporary
  differences, excess over threshold) as well as retained RWA and LRD related
  to deferred tax assets.&#160;&#160;&#160; 2 Excludes average attributed equity related to
  retained RWA and LRD related to deferred tax assets.&#160;&#160;&#160; 3 Temporary
  exemptions granted by FINMA until 1 July 2020 are not considered for average
  attributed equity. Refer to &#8220;Regulatory and legal developments&#8221; in the
  &#8220;Recent developments&#8221; section of this report for more information about the
  temporary exemptions granted by FINMA.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td colspan=5 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Return on attributed equity<sup>1</sup></font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=33% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">In %</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=66% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth Management</font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29.6&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.5&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=66% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp; Corporate Banking</font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15.3&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.5&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=66% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset Management</font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34.4&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;40.3&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment Bank</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22.8&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.7)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=5 valign=top width=100% style="background:white;border:none;height:12.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Return on attributed equity for Group Functions is not shown,
  as it is not meaningful.</font></p>
  </td>
 </tr>
</table></div>










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

 <p style="border:none;margin:0cm;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="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;">54</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_60"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:18.0pt;line-height:20.0pt;">UBS shares<a name="UBS_shares_bclEnd"></a></font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="UBS_Group_AG_shares"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS
Group AG shares are listed on the SIX Swiss Exchange (SIX). They are also
listed on the New York Stock Exchange (the NYSE) as global registered shares.
Each share has a par value of CHF&nbsp;0.10 per share. Shares issued were
unchanged in the first quarter of 2020.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.5pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">We held 275&nbsp;million
shares as of 31&nbsp;March 2020, of which 149&nbsp;million shares had been acquired
under our share repurchase program for cancelation purposes. The remaining 126&nbsp;million
shares are primarily held to hedge our share&nbsp;delivery obligations related
to employee share-based compensation and participation plans. </font></p>

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


</font><p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><a name="UBS_Group_AG_shares_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Treasury
shares held increased by 32 million shares in the first quarter of 2020. This
increase was mainly driven by repurchases of 31.3 million shares under our CHF&nbsp;2,000
million share repurchase program. Since March 2018, when the share repurchase
program started, we have acquired 149.0 million shares for a total
consideration of CHF&nbsp;1,900 million (USD&nbsp;1,931 million). We have
temporarily suspended share repurchases given the current uncertain
environment.</font></p>

<p style="margin:0cm;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;">In addition to the aforementioned effects,
the delivery of treasury shares under share-based compensation plans was
largely offset by purchases of shares from the market to hedge our future share
delivery obligations related to employee share-based compensation awards.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="UBS_AG_shares"></a><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:0cm;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>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=48% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS Group AG share information</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter ended</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">% change from</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Shares issued</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,859,055,395&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,859,055,395&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,858,959,179&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Treasury shares</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;274,964,517&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;243,021,296&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;145,878,663&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: related to share
  repurchase program</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;148,975,800&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;117,706,540&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;48,318,800&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Shares outstanding</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,584,090,878&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,616,034,099&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,713,080,516&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Basic earnings per share (USD)<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.44&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.20&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.31&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;120&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Diluted earnings per share (USD)<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.43&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.19&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.30&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;126&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Basic earnings per share (CHF)<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.43&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.20&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.31&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;118&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Diluted earnings per share (CHF)<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.41&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.19&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.30&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;115&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity attributable to shareholders (USD million)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;57,949&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54,533&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,667&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Less: goodwill and intangible assets (USD million)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,407&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,469&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,621&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tangible equity attributable to shareholders (USD million)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;51,542&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;48,064&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47,046&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total book value per share (USD)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.17&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15.08&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.45&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">7</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tangible book value per share (USD)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.38&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13.29&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.67&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">8</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Share price (USD)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.39&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.63&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.12&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(26)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=48% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Market capitalization (USD million)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33,649&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;45,661&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;45,009&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(26)</font></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Refer to &#8220;Note 9 Earnings per share (EPS) and shares
  outstanding&#8221; in the &#8220;Consolidated financial statements&#8221; section of this
  report for more information.&#160;&#160;&#160; 2 Basic and diluted earnings per share in
  Swiss francs are calculated based on a translation of net profit / (loss)
  under our US dollar presentation currency.&#160;&#160;&#160; 3 Represents the share price as
  listed on the SIX Swiss Exchange, translated to US dollars using the closing
  exchange rate as of the respective date.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="UBS_AG_shares_bclEnd"></a><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="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Ticker symbols UBS Group AG</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=44% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=21% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=44% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Trading exchange</font></b></p>
  </td>
 <td width=19% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">SIX / NYSE</font></b></p>
  </td>
 <td width=21% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Bloomberg</font></b></p>
  </td>
 <td width=16% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Reuters</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=44% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">SIX Swiss Exchange</font></p>
  </td>
 <td nowrap width=19% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBSG</font></p>
  </td>
 <td nowrap width=21% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBSG SW</font></p>
  </td>
 <td nowrap width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBSG.S</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=44% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">New York Stock Exchange</font></p>
  </td>
 <td width=19% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS</font></p>
  </td>
 <td width=21% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS UN</font></p>
  </td>
 <td width=16% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS.N</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:14.25pt;">
  <td colspan=3 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Security identification codes</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">ISIN</font></p>
  </td>
 <td width=18% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=36% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">CH0244767585</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Valoren</font></p>
  </td>
 <td width=18% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=36% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">24 476 758</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">CUSIP</font></p>
  </td>
 <td width=18% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=36% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">CINS H42097 10 7</font></b></p>
  </td>
 </tr>
</table></div>











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 <p style="border:none;margin:0cm;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 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 style="margin-bottom:28.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:70.0pt;line-height:70.0pt;">Consolidated financial statements</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:12.0pt;">Unaudited</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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 <p style="border:none;margin:0cm;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 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 style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:18.0pt;line-height:20.0pt;">Table of
con<a name=dummy></a><a name="dummy_bclEnd"></a>tents</font></p>










<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Interim_ConsoFS_UBSGroupAG"><b><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 Group AG interim consolidated financial <br>
  statements (unaudited)</font></b></a></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td valign=top width=11% style="height:13.05pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=89% style="height:13.05pt;padding:0cm 5.4pt 0cm 0cm;">
  <p align=left style="margin:0cm;margin-bottom:.0001pt;text-align:left;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">59</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Income_Statement"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Income statement</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">60</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Statement_ComprehensiveIncome"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Statement of comprehensive income</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">62</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Balance_Sheet"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Balance sheet</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">64</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Statement_of_changes_in_equity"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Statement of changes in equity</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">66</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Statement_of_cash_flows"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Statement of cash flows</font></a></p>
  </td>
 </tr>
<tr style="height:9.45pt;">
  <td valign=top width=11% style="height:9.45pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=89% style="height:9.45pt;padding:0cm 5.4pt 0cm 0cm;">
  <p align=left style="margin:0cm;margin-bottom:.0001pt;text-align:left;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">68</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">1</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160;&#160;&#160; </font><a href="#Basis_of_accounting"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Basis
  of accounting</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">71</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">2 </font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160;&#160;&#160; </font><a href="#Segment_reporting"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Segment
  reporting</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">72</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">3 &#160;&#160;&#160; </font></b><a href="#Net_interest_income"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Net
  interest income</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">72</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">4 </font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160;&#160;&#160; </font><a href="#Net_fee_comm"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Net fee
  and commission income</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">73</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">5</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160;&#160;&#160; </font><a href="#Other_income"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Other
  income</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">73</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">6</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160;&#160;&#160; </font><a href="#Personnel_exp"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Personnel
  expenses</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">73</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">7</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160;&#160;&#160; </font><a href="#Gen_adm_exp"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">General
  and administrative expenses</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">74</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">8</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160;&#160;&#160; </font><a href="#Income_taxes"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Income
  taxes</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">74</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">9</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160;&#160;&#160; </font><a href="#EPS_shares_outstanding"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Earnings
  per share (EPS) and shares outstanding</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">75</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">10</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160; </font><a href="#Expected_credit_loss"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Expected
  credit loss measurement</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">80</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">11</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160;&#160; </font><a href="#FairValue_measurement"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Fair
  value measurement</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">89</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">12 </font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font><a href="#Derivative_instr"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Derivative
  instruments</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">90</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">13</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160; </font><a href="#Other_Assets"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Other
  assets and liabilities</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">91</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">14</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160; </font><a href="#Fin_liab_FV"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Debt
  issued designated at fair value</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">92</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">15</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160; </font><a href="#Debt_amort_cost"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Debt
  issued measured at amortized cost</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">93</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">16</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160; </font><a href="#Prov_Contingent_Liab_Group_AG_EN"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Provisions and contingent liabilities</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">101</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">17</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160;&#160; </font><a href="#Guarantees_commitments"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Guarantees,
  commitments and forward starting<br>
&#160;&#160;&#160;&#160;&#160;&#160; transactions</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">102</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">18</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160; </font><a href="#Ccy_translation_rates"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Currency
  translation rates</font></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">102</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a name="Events_after_period"></a><b><font color=#AA4F49 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">19</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160; </font><a href="#Events_after_rep_period"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Events after the reporting period</font></a><a name="Events_after_period_bclEnd"></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p align=left style="margin:0cm;margin-bottom:.0001pt;text-align:left;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Interim_ConsoFS_UBSAG"><b><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 AG interim consolidated financial information <br>
  (unaudited)</font></b></a></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p align=left style="margin:0cm;margin-bottom:.0001pt;text-align:left;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=11% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">104</font></b></p>
  </td>
 <td valign=top width=89% style="height:1.0pt;padding:0cm 5.4pt 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><a href="#Comparison_GroupVsAG"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">Comparison between UBS Group AG consolidated
  and <br>
  UBS AG consolidated</font></a></p>
  </td>
 </tr>
</table></div>










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

 <p style="border:none;margin:0cm;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>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_64"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">UBS Group AG interim consolidated financial <a name="Income_Statement"></a>statements<a name="Income_Statement_bclEnd"></a> (unaudited)<a name="Interim_ConsoFS_UBSGroupAG_bclEnd"></a></font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=31% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest income from financial instruments measured at amortized
  cost and fair value through</font></p>
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">other comprehensive income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,455&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,566&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,669&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest expense from financial instruments measured at
  amortized cost</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,385)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,578)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,885)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income from financial instruments measured at fair
  value through profit or loss</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;261&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;273&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;339&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,330&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,262&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,123&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other net income from financial instruments measured at fair
  value through profit or loss</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,807&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,381&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,935&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(268)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(20)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Fee and commission income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,477&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,856&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,541&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(456)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(458)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(409)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net fee and commission income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,021&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,398&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,132&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;43&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;49&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,934&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,052&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,218&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,321&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,902&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,043&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">General and administrative expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,133&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,618&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,187&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;456&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;480&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;427&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Amortization and impairment of goodwill and intangible assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;125&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,926&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,124&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,672&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit / (loss) before tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,008&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;928&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,546&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;410&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;200&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;407&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,598&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;727&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,139&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss) attributable to non-controlling interests</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss)
  attributable to shareholders</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,595&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;722&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,141&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td nowrap width=62% style="height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=1% style="height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=5% style="height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=1% style="height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=11% style="height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=10% style="height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=10% style="height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Earnings per share (USD)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Basic</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.44&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.20&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.31&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=62% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Diluted</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.43&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.19&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.30&nbsp;</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Statement_ComprehensiveIncome"></a></p>
<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">59</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_65"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS Group AG
 interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:1.0pt;"></font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:15.75pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Statement of comprehensive
  income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=30% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Comprehensive income
  attributable to shareholders</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,595&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;722&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,141&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=69% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other comprehensive income
  that may be reclassified to the income statement</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign currency translation</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign currency translation movements related to net assets of
  foreign operations, before tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(280)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;723&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(157)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Effective portion of changes in fair value of hedging
  instruments designated as net investment hedges, before tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;143&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(343)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;26&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign currency translation differences on foreign operations
  reclassified to the income statement</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Effective portion of changes in fair value of hedging
  instruments designated as net investment hedges reclassified to the&nbsp;income&nbsp;statement</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income tax relating to foreign currency translations, including
  the impact of net investment hedges</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Subtotal foreign currency translation, net of tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(145)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;380&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(128)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets measured at
  fair value through other comprehensive income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net unrealized gains / (losses), before tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;208&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(12)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;81&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Realized gains reclassified to the income statement from equity</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(9)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Realized losses reclassified to the income statement from equity</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income tax relating to net unrealized gains / (losses)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(51)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(17)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Subtotal financial assets measured at fair value through other
  comprehensive income, net of tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;147&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;62&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash flow hedges of interest
  rate risk</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Effective portion of changes in fair value of derivative
  instruments designated as cash flow hedges, before tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,953&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(545)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;588&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net (gains) / losses reclassified to the income statement from
  equity</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(103)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(82)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(21)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income tax relating to cash flow hedges</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(345)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;121&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(107)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Subtotal cash flow hedges, net of tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,505&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(506)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;459&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Fair value hedges of foreign
  currency risk</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Change in fair value of cost of hedging, before tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Amortization of initial cost of hedging to the income statement</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income tax relating to cost of hedging</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Subtotal cost of hedging, net of tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total other comprehensive
  income that may be reclassified to the income statement, net of tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,515&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(137)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;393&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=69% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other comprehensive income
  that will not be reclassified to the income statement</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Defined benefit plans</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Gains / (losses) on defined benefit plans, before tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10<sup>1 </sup></font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,475)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(163)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income tax relating to defined benefit plans</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;143&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;461&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Subtotal defined benefit plans, net of tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;153&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,015)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(179)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Own credit on financial
  liabilities designated at fair value</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Gains / (losses) from own credit on financial liabilities
  designated at fair value, before tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,156&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(147)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(326)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income tax relating to own credit on financial liabilities
  designated at fair value</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(223)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Subtotal own credit on financial liabilities designated at fair
  value, net of tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;934&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(147)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(318)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total other comprehensive
  income that will not be reclassified to the income statement, net of tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,086&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,162)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(497)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=69% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total other comprehensive
  income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,602&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,299)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(104)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total comprehensive income
  attributable to shareholders</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,197&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,577)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,037&nbsp;</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Statement_ComprehensiveIncome_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>


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 <p style="border:none;margin:0cm;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="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;">60</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;">&nbsp;</font></p>

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</DIV>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Statement of comprehensive income (continued)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=30% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=69% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Comprehensive income
  attributable to non-controlling interests</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=69% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other comprehensive income
  that will not be reclassified to the income statement</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign currency translation movements, before tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income tax relating to foreign currency translation movements</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Subtotal foreign currency translation, net of tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total other comprehensive
  income that will not be reclassified to the income statement, net of tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total comprehensive income
  attributable to non-controlling interests</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=69% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Total comprehensive income </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,598&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;727&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,139&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other comprehensive income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,597&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,295)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(100)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: other
  comprehensive income that may be reclassified to the income statement</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,515&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(137)&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;393&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: other
  comprehensive income that will not be reclassified to the income statement</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,082&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,158)&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(493)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total comprehensive income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,195&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,567)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,039&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Includes a net pre-tax OCI gain of USD 247 million related to
  UK defined benefit plans (driven by a decrease in the defined benefit
  obligation mainly resulting from a higher discount rate), largely offset by a
  net pre-tax OCI loss of USD 242 million related to the Swiss pension plan
  (driven by an extraordinary employer contribution of USD 235 million that
  increased the gross plan assets, but led to an OCI loss as no net pension
  asset could be recognized on the balance sheet as of 31&nbsp;March 2020 due
  to the asset ceiling). Refer to &#8220;Note 29 Pension and other post-employment
  benefit plans&#8221; in the &#8220;Consolidated financial statements&#8221; section of the
  Annual Report 2019 for more information about the effects from changes to the
  Swiss pension plan and the measures to mitigate them.</font></p>
  </td>
 </tr>
</table></div>






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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Balance_Sheet"></a></p>
<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">61</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_67"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS Group AG
 interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:1.0pt;">&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=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=69% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash and balances at central banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;139,258&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;107,068&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans and advances to banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,972&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,447&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89,648&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;84,245&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash collateral receivables on derivative instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39,545&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23,289&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans and advances to customers</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;337,551&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;326,786&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other financial assets measured at amortized cost</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23,765&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22,980&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total financial assets
  measured at amortized cost</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;646,739&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;576,815&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets at fair value held for trading</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;90,490&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;127,514&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: assets pledged as
  collateral that may be sold or repledged by counterparties</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31,192&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41,285&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivative financial instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">11, 12</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;212,982&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;121,841&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Brokerage receivables</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20,319&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,007&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets at fair value not held for trading</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;82,753&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;83,944&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total financial assets
  measured at fair value through profit or loss</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;406,544&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;351,307&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets measured at
  fair value through other comprehensive income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,653&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,345&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investments in associates</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,042&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,051&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,764&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,804&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Goodwill and intangible assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,407&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,469&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Deferred tax assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,316&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,537&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other non-financial assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,634&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,856&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total assets</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,098,099&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;972,183&nbsp;</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Balance_Sheet_bclEnd"></a><font color=black 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:0cm;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="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;">62</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;">&nbsp;</font></p>

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<DIV bclHeader>

 <p style="border:none;margin:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>

<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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=68% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Amounts due to banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,822&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,570&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,867&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,778&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash collateral payables on derivative instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;45,649&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31,415&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Customer deposits</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;465,946&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;448,284&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Debt issued measured at amortized cost</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;115,432&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;110,497&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other financial liabilities measured at amortized cost</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,934&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,712&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total financial liabilities
  measured at amortized cost</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;668,649&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;614,256&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial liabilities at fair value held for trading</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32,571&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30,591&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivative financial instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">11, 12</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;206,649&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;120,880&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Brokerage payables designated at fair value</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37,652&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37,233&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Debt issued designated at fair value</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">11, 14</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,299&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;66,809&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other financial liabilities designated at fair value</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">11, 13</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31,536&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,940&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total financial liabilities
  measured at fair value through profit or loss</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;361,707&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;291,452&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Provisions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,566&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,974&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other non-financial liabilities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,059&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,794&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total liabilities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,039,981&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;917,476&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=68% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Share capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;338&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;338&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Share premium</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17,633&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,064&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Treasury shares</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3,636)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3,326)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Retained earnings</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,796&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34,154&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other comprehensive income recognized directly in equity, net of
  tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,818&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,303&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity attributable to
  shareholders</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;57,949&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54,533&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity attributable to non-controlling interests</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;169&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;174&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total equity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;58,118&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54,707&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,098,099&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;972,183&nbsp;</font></p>
  </td>
 </tr>
</table></div>






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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Statement_of_changes_in_equity"></a></p>
<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">63</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_69"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS Group AG
 interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:1.0pt;">&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=60% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Statement of changes in equity</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:34.5pt;">
  <td valign=bottom width=60% style="border:none;border-bottom:solid #74726F 1.0pt;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Share</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">capital</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Share</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">premium</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Treasury</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">shares</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Retained</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">earnings</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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance as of 1 January 2019
  before the adoption of IFRIC 23</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;338&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20,843&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,631)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30,448&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Effect of adoption of IFRIC 23</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance as of 1 January 2019
  after the adoption of IFRIC 23</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;338&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20,843&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,631)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30,437&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Issuance of share capital</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Acquisition of treasury shares</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(466)<sup>2</sup></font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Delivery of treasury shares under share-based compensation plans</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(841)&nbsp;</font></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;871&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other disposal of treasury shares</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=10% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16<sup>2</sup></font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Premium on shares issued and warrants exercised</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Share-based compensation expensed in the income statement</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;167&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tax (expense) / benefit</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Dividends</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity classified as obligation to purchase own shares</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(60)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Translation effects recognized directly in retained earnings</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">New consolidations / (deconsolidations) and other increases /
  (decreases)</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total comprehensive income for the period</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;644&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net profit /
  (loss)</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,141&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: other
  comprehensive income (OCI) that may be reclassified to the income statement,
  net of tax</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: OCI that will not
  be reclassified to the income statement, net of tax &#8211; defined benefit plans</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(179)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: OCI that will not
  be reclassified to the income statement, net of tax &#8211; own credit</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(318)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=60% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: OCI that will not
  be reclassified to the income statement, net of tax &#8211; foreign currency
  translation</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance as of 31 March 2019</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;338&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20,135&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,210)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31,085&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance as of 1 January 2020</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;338&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,064&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3,326)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34,154&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Issuance of share capital</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Acquisition of treasury shares</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(983)<sup>2</sup></font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Delivery of treasury shares under share-based compensation plans</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(589)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;615&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other disposal of treasury shares</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;59<sup>2</sup></font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Premium on shares issued and warrants exercised</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Share-based compensation expensed in the income statement</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;163&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tax (expense) / benefit</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Dividends</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Translation effects recognized directly in retained earnings</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Share of changes in retained earnings of associates and joint
  ventures</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(40)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">New consolidations / (deconsolidations) and other increases /
  (decreases)</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total comprehensive income for the period</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,681&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net profit /
  (loss)</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,595&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: other
  comprehensive income (OCI) that may be reclassified to the income statement,
  net of tax</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: OCI that will not
  be reclassified to the income statement, net of tax &#8211; defined benefit plans</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;153&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: OCI that will not
  be reclassified to the income statement, net of tax &#8211; own credit</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;934&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=60% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: OCI that will not
  be reclassified to the income statement, net of tax &#8211; foreign currency
  translation</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance as of 31 March 2020</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;338&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17,633&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3,636)&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,796&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:21.0pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Excludes other comprehensive income related to defined benefit
  plans and own credit that is recorded directly in Retained earnings.&#160;&#160;&#160; 2
  Includes treasury shares acquired and disposed of by the Investment Bank in
  its capacity as a market-maker with regard to UBS shares and related
  derivatives, and to hedge certain issued structured debt instruments. These
  acquisitions and disposals are reported based on the sum of the net monthly
  movements.&#160;&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Statement_of_changes_in_equity_bclEnd"></a><font color=black 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 style="border:none;margin:0cm;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="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;">64</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_70"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:34.5pt;">
  <td valign=bottom width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other comprehensive</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">income recognized</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">directly in equity,</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">net of tax<sup>1</sup></font></p>
  </td>
 <td valign=bottom width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">foreign currency translation</font></i></p>
  </td>
 <td valign=bottom width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">financial assets</font></i></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">measured at fair value through OCI</font></i></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">cash flow hedges</font></i></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">fair value hedges of foreign currency risk</font></i></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total equity</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">attributable to</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">shareholders</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Non-controlling</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">interests</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:34.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total equity</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,930&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,924&nbsp;</font></i></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(103)&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;109&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;52,928&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;176&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,103&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
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 </tr>
<tr style="height:11.25pt;">
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,924&nbsp;</font></i></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(103)&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;109&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;52,917&nbsp;</font></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;176&nbsp;</font></b></p>
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 </tr>
<tr style="height:11.25pt;">
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 </tr>
<tr style="height:11.25pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(466)&nbsp;</font></p>
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 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30&nbsp;</font></p>
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 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></p>
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 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
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  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;28&nbsp;</font></p>
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 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;167&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;167&nbsp;</font></p>
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 </tr>
<tr style="height:11.25pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
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 </tr>
<tr style="height:11.25pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
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 </tr>
<tr style="height:11.25pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(60)&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(60)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
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  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
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<tr style="height:11.25pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;393&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(128)&nbsp;</font></i></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;62&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;459&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,037&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,039&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
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  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,139&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;393&nbsp;</font></i></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(128)&nbsp;</font></i></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;62&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;459&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;393&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;393&nbsp;</font></i></p>
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 </tr>
<tr style="height:11.45pt;">
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
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<tr style="height:11.45pt;">
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 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></i></p>
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<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,796&nbsp;</font></i></p>
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 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(40)&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;564&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,667&nbsp;</font></b></p>
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 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,840&nbsp;</font></b></p>
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<tr style="height:11.25pt;">
  <td width=14% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=13% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=13% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=12% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=12% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=12% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=12% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=12% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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<tr style="height:11.25pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,303&nbsp;</font></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,028&nbsp;</font></i></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54,533&nbsp;</font></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;174&nbsp;</font></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54,707&nbsp;</font></b></p>
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 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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<tr style="height:11.25pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(983)&nbsp;</font></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(983)&nbsp;</font></b></p>
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 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;25&nbsp;</font></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;25&nbsp;</font></b></p>
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 </tr>
<tr style="height:11.25pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;45&nbsp;</font></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;45&nbsp;</font></b></p>
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 </tr>
<tr style="height:11.25pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
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  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 </tr>
<tr style="height:11.25pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;163&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;163&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></b></p>
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 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 </tr>
<tr style="height:11.25pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(40)&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(40)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,515&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(145)&nbsp;</font></i></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;147&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,505&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,197&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,195&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,595&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,598&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:11.45pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,515&nbsp;</font></i></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(145)&nbsp;</font></i></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;147&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,505&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,515&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,515&nbsp;</font></i></b></p>
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 </tr>
<tr style="height:11.45pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;153&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;153&nbsp;</font></i></b></p>
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 </tr>
<tr style="height:11.45pt;">
  <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;934&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;934&nbsp;</font></i></b></p>
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 </tr>
<tr style="height:11.45pt;">
  <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
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  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.45pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=14% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,818&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,883&nbsp;</font></i></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;162&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,765&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;57,949&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;169&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;58,118&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:21.0pt;">
  <td width=14% style="border:none;height:21.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;height:21.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;height:21.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:21.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:21.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:21.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:21.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:21.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>






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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Statement_of_cash_flows"></a></p>
<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">65</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_71"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS Group AG
 interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:1.0pt;">&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=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Statement of cash flows</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Year-to-date</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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash flow from / (used in)
  operating activities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,598&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,139&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Non-cash items included in
  net profit and other adjustments:</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;456&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;427&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Amortization and impairment of intangible assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit loss expense / (recovery)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;268&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Share of net profits of associates / joint ventures and
  impairment of associates</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(15)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Deferred tax expense / (benefit)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;188&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;237&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net loss / (gain) from investing activities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;84&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(73)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net loss / (gain) from financing activities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(12,558)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,273&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other net adjustments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(241)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;173&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net change in operating
  assets and liabilities:</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans and advances to banks / amounts due to banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,436&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,696)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(439)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(9,997)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash collateral on derivative instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,030)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(133)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans and advances to customers</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11,193)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(855)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Customer deposits</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,466&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,793&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets and liabilities at fair value held for trading
  and derivative financial instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,463&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,652&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Brokerage receivables and payables</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,903)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,473&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets at fair value not held for trading, other
  financial assets and liabilities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,263)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,031)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Provisions, other non-financial assets and liabilities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,212)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,188)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income taxes paid, net of refunds</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(286)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(219)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net cash flow from / (used
  in) operating activities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,832&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,995&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash flow from / (used in)
  investing activities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Purchase of subsidiaries, associates and intangible assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Disposal of subsidiaries, associates and intangible assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Purchase of property, equipment and software</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(374)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(367)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Disposal of property, equipment and software</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Purchase of financial assets measured at fair value through
  other comprehensive income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,835)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,033)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Disposal and redemption of financial assets measured at fair
  value through other comprehensive income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;674&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;610&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net (purchase) / redemption of debt securities measured at
  amortized cost</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;38&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;629&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net cash flow from / (used
  in) investing activities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,496)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(132)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Statement_of_cash_flows_bclEnd"></a><font color=black 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:0cm;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="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;">66</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;">&nbsp;</font></p>

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 <p style="border:none;margin:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Statement of cash flows (continued)</font></b></p>
  </td>
 <td valign=top width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Year-to-date</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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash flow from / (used in)
  financing activities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net short-term debt issued / (repaid)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,751&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6,858)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net movements in treasury shares and own equity derivative
  activity</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(917)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(399)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Repayment of lease liabilities<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(140)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Issuance of long-term debt, including debt issued designated at
  fair value</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23,041&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17,641&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Repayment of long-term debt, including debt issued designated at
  fair value</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(23,971)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(10,263)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net changes in non-controlling interests</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net cash flow from / (used
  in) financing activities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,756&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;116&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Total cash flow</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash and cash equivalents at
  the beginning of the period</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;119,873&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;126,079&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net cash flow from / (used in) operating, investing and
  financing activities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;38,091&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,979&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Effects of exchange rate differences on cash and cash
  equivalents</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(176)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,289)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash and cash equivalents at
  the end of the period<sup>2</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;157,789&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;128,769&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:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: cash and balances
  at central banks<sup>3</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;139,155&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;110,514&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:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: loans and advances
  to banks</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,087&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,971&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:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: money market paper<sup>4</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,547&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,285&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Additional information</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net cash flow from / (used
  in) operating activities includes:</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest received in cash<sup>5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,457&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,917&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest paid in cash<sup>5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,886&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,446&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Dividends on equity investments, investment funds and associates
  received in cash</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;727&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,238&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:68.25pt;">
  <td colspan=4 valign=top width=100% style="background:white;border:none;height:68.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 In 2019 cash payments for the principal portion of the lease
  liability were classified within operating activities under Financial assets
  at fair value not held for trading, other financial assets and
  liabilities.&#160;&#160;&#160; 2&nbsp;USD&nbsp;4,370 million and USD 4,678 million of cash
  and cash equivalents (mainly reflected in Loans and advances to banks) were
  restricted as of 31 March 2020 and 31 March 2019, respectively. Refer to
  &#8220;Note 26 Restricted and transferred financial assets&#8221; in the &#8220;Consolidated
  financial statements&#8221; section of the Annual Report 2019 for more
  information.&#160;&#160;&#160; 3 Includes only balances with an original maturity of three
  months or less.&#160;&#160;&#160; 4&nbsp;Money market paper is included in the balance sheet
  under Financial assets at fair value held for trading (31 March 2020: USD 402
  million; 31 March 2019: USD 649 million), Financial assets at fair value not
  held for trading (31 March 2020: USD 1,729 million; 31&nbsp;March&nbsp;2019:
  USD&nbsp;1,475 million), Other financial assets measured at amortized cost
  (31 March 2020: USD 397 million; 31&nbsp;March&nbsp;2019: USD&nbsp;155
  million) and Financial assets measured at fair value through other
  comprehensive income (31 March 2020: USD 19 million; 31 March 2019: USD 5
  million).&#160;&#160;&#160; 5 Interest received and paid in cash for the quarter ended 31
  March 2019 include the total of interest on financial instruments measured at
  amortized cost / fair value through other comprehensive income (USD 2,630
  million interest received and USD 2,124 million interest paid) and interest
  on financial instruments measured at fair value through profit or loss (USD
  1,286 million interest received and USD 1,322 million interest paid). Refer
  to the Statement of cash flows in the &#8220;Consolidated financial statements&#8221;
  section of the Annual Report 2019.</font></p>
  </td>
 </tr>
</table></div>













<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">67</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_73"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">Notes to the UBS Group AG interim <br>
consolidated financial statements (unaudited)</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_2ca5d87c3ca04aba8a05d8322"></a><a name="Basis_of_accounting"></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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">1  Basis
of accounting<a name="Basis_of_accounting_bclEnd"></a><a name="XBRL_TS_2ca5d87c3ca04aba8a05d8322_bclEnd"></a></font></b></p>

</div>









<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="XBRL_TS_100f4a8dc99446ecb1682c1b7"></a><a name="XBRL_TS_7fdb91a9a678422da15d247f7"></a><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Basis of preparation</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_100f4a8dc99446ecb1682c1b7_bclEnd"></a><a name="XBRL_TS_7fdb91a9a678422da15d247f7_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The consolidated
financial statements (the financial statements) of UBS Group AG and its
subsidiaries (together, &#8220;UBS&#8221; or the &#8220;Group&#8221;) are prepared in accordance with
International Financial Reporting Standards (IFRS), as issued by the
International Accounting Standards Board (the IASB), and are presented in US
dollars (USD), which is also the functional currency of: UBS Group AG; UBS AG&#8217;s
Head Office; UBS AG, London Branch; and UBS&#8217;s US-based operations. These
interim financial statements are prepared in accordance with IAS 34, </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Interim
Financial Reporting</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:0cm;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;">In preparing these interim financial
statements, the same accounting policies and methods of computation have been
applied as in the UBS Group AG consolidated annual financial statements for the
period ended 31&nbsp;December 2019, except for the changes described in this
Note. These interim financial statements are unaudited and should be read in
conjunction with UBS Group AG&#8217;s audited consolidated financial statements
included in the Annual Report 2019. In the opinion of management, all necessary
adjustments were made for a fair presentation of the Group&#8217;s financial
position, results of operations and cash flows. </font></p>

<p style="margin:0cm;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;">Preparation of these interim financial
statements requires management to make estimates and assumptions that affect
the reported amounts of assets, liabilities, income, expenses and disclosures
of contingent assets and liabilities. These estimates and assumptions are based
on the best available information. Actual results in the future could differ
from such estimates and such differences may be material to the financial
statements. Revisions to estimates, based on regular reviews, are recognized in
the period in which they occur. For more information about areas of estimation
uncertainty that are considered to require critical judgment, refer to &#8220;Note 1a
Significant accounting policies&#8221; in the &#8220;Consolidated financial statements&#8221;
section of the Annual Report 2019.</font></p>

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</font>

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  <td width=100% style="border:none;border-bottom:solid white 1.0pt;height:15.6pt;padding:1.4pt 0cm 1.4pt 0cm;"><font face="Frutiger 47 Light CN,sans-serif" lang=EN-GB style="font-size:7.5pt;"><br clear=all>
  <br clear=all>
  <br clear=all>
  <br clear=all>
  <br clear=all>
  <br clear=all>
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  <br clear=all>
  <br clear=all>

  </font><p style="margin-bottom:0cm;margin-left:5.65pt;margin-right:5.65pt;margin-top:0cm;"><b><font face="Frutiger 47 Light CN,sans-serif" lang=EN-GB style="font-size:7.5pt;line-height:10.0pt;">Critical accounting estimates and
  judgments affected by the COVID-19 pandemic</font></b></p>
  </td>
 </tr>
<tr style="height:68.05pt;page-break-inside:avoid;">
  <td valign=top width=100% style="border:none;height:68.05pt;padding:1.4pt 0cm 1.4pt 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;margin-left:5.65pt;margin-right:5.65pt;margin-top:0cm;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:8.0pt;line-height:11.5pt;">UBS has considered the statement made by the IASB on
  27&nbsp;March 2020 on accounting for expected credit losses under IFRS 9, </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:8.0pt;line-height:11.5pt;">Financial
  Instruments</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:8.0pt;line-height:11.5pt;">, given the uncertainty resulting from the COVID-19 pandemic.
  UBS has continued to comply with the requirements of IFRS 9 in arriving at an
  unbiased, probability-weighted estimate of expected credit losses.
  Appropriate judgment has been applied when determining the effects of
  COVID-19, given the significant uncertainty that exists, in particular when
  assessing future macroeconomic conditions and whether a significant increase
  in credit risk has occurred. In addition, effects arising from the various
  government support measures have been considered.</font></p>
  <p style="margin-bottom:6.0pt;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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 10 for more information</font></b></p>
  </td>
 </tr>
</table></div>



<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><a name="XBRL_TS_57c1f11374e54127a521172e5"></a><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Presentation of interest income and expense from financial
instruments measured at fair value through profit or loss</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_ffadef40706841a19e578acb9"></a><a name="XBRL_TS_77b622e288e74f77802c55bcc"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Effective from 1 January 2020, UBS presents interest income and interest
expense from financial instruments measured at fair value through profit or
loss on a net basis in its Income Statement, in line with how UBS assesses and manages interest and in accordance with
IFRS. This presentation change has no effect on
</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Net interest income</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> or on </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Net profit</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> attributable to
shareholders. Prior periods have been aligned with this change in presentation.
Further information about net interest income from financial instruments
measured at fair value through profit or loss is provided in Note 3. </font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Segment reporting</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Effective from 1
January 2020, UBS only reports total operating expenses for each business
division and no longer discloses a detailed cost breakdown by financial
statement line item within its Segment reporting disclosures provided in Note
2. This change streamlines reporting, ensures alignment with how UBS manages
its cost base and has no effect on the Income Statement, or on the net profit
of any business division.</font></p>

<p style="margin:0cm;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;">In addition, UBS has renamed Corporate
Center, including Group Treasury, Non-core and Legacy Portfolio and Group services
and other, to Group Functions in order to better reflect the nature of the activities
it performs.</font></p>








<p style="margin:0cm;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 style="border:none;margin:0cm;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="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;">68</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;">&nbsp;</font></p>

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 <p style="border:none;margin:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0cm 0cm 3.0pt 0cm;"><p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">1  Basis
of accounting (continued)</font></b></p>

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<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Adoption of hedge accounting
requirements of IFRS 9, </font></b><b><i><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Financial Instruments</font></i></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Application and transition effect</font></p>

<p style="margin:0cm;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;">Effective from 1&nbsp;January 2020,
UBS has prospectively adopted the hedge</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;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;">accounting requirements of IFRS
9, </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Financial Instruments</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">, for all of its existing hedge accounting
programs, except for fair value hedges of portfolio interest rate risk, which,
as permitted under IFRS 9, continue to be accounted for under IAS 39, </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Financial
Instruments: Recognition and Measurement</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:0cm;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;">IFRS 9&#8217;s hedge accounting model further
aligns accounting with risk management practices, amends hedge effectiveness
requirements and prohibits voluntary de-designations. IFRS 9 permits the
designation of certain additional hedged items, including layer components, net
positions, and aggregated exposures, such as a combination of a non-derivative
and derivative. IFRS 9 also introduces the concept of &#8220;cost of hedging,&#8221; under
which the time value of an option contract, the forward element of a forward
contract or foreign currency basis spread in a cross-currency swap can be
deferred in other comprehensive income and, depending on the nature of the
hedged transaction, released to the income statement either when the hedged
item affects the income statement or over the term of the hedged item.</font></p>

<p style="margin:0cm;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 adoption of these requirements had no
financial impact on UBS&#8217;s financial statements. However, the adoption allows
UBS to designate more effective hedge accounting relationships, including fair
value hedges of foreign currency risk using cross-currency swaps, and to reduce
income statement volatility caused by foreign currency basis spread.</font></p>

<p style="margin:0cm;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;">Starting from 1&nbsp;January 2020, UBS has been utilizing the concept of &#8220;cost of hedging&#8221; in its newly
designated fair value hedge program of foreign currency debt using
cross-currency swaps. The hedged risk is determined as changes in the value of
the hedged items </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">arising solely from changes
in spot </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">foreign exchange rates. The foreign currency basis spread in
cross-currency swaps is excluded from the hedge designation and accounted for
through other comprehensive income as a cost of hedging. As of 31<sup> &nbsp;</sup>March
2020, the notional of hedging instruments and hedged items designated in the
program amounted to USD&nbsp;13.1 billion, with a gain of USD&nbsp;8 million deferred
in other comprehensive income as a cost of hedging.</font></p>

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


</font><p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Update to
significant accounting policy &#8211; Hedge accounting (disclosed in &#8220;Note 1a item 3j
Hedge accounting&#8221; in the financial statements 2019 included in the Annual
Report 2019)</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><i><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Hedge accounting under IFRS 9 </font></i></p>

<p style="margin:0cm;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 Group applies hedge accounting
requirements of IFRS 9, </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Financial Instruments</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">, for fair value hedges of
interest rate risk related to debt instruments, fair value hedges of foreign
exchange risk related to debt instruments, cash flow hedges of forecast transactions
and hedges of net investments in foreign operations. </font></p>

<p style="margin:0cm;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;">At the time a financial instrument is
designated in a hedge relationship, UBS formally documents the relationship
between the hedging instrument(s) and hedged item(s), including the risk management
objectives and strategy in undertaking the hedge transaction, the nature of
risk being hedged and the methods that will be used to assess whether the hedge
effectiveness criteria are met. As part of effectiveness testing, UBS assesses,
both at the inception of the hedge and on an ongoing basis, whether there is an
economic relationship between the hedged item and the hedging instrument,
including whether the relationship is dominated by the effect of credit risk
and whether the appropriate hedge ratio is being used. In the case of hedging
forecast transactions, the forecast transaction must be highly probable to
occur. UBS discontinues hedge accounting when: (i)&nbsp;the hedge effectiveness
criteria have ceased to be met; (ii)&nbsp;the derivative expires or is sold,
terminated or exercised; (iii)&nbsp;the hedged item matures, is sold or repaid;
(iv)&nbsp;forecast transactions are no longer deemed to meet the highly
probable criteria; or (v)&nbsp;the risk management objective on the basis of
which the hedge relationship was designated changes. Voluntary discontinuation
of hedge accounting is not permitted.</font></p>

<p style="margin:0cm;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;letter-spacing:-.15pt;line-height:11.5pt;">Hedge
ineffectiveness represents the amount by which the changes in the fair value of
the hedging instrument differ from changes in the fair value of the hedged item
attributable to the hedged risk, or the amount by which changes in the present
value of future cash flows of the hedging instrument exceed changes in the
present value of expected cash flows of the hedged item. Such ineffectiveness
is recorded in </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Other net income from
financial instruments measured at fair value through profit or loss</font></i><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">.&nbsp;</font></i></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Fair value hedges of interest rate risk
related to debt instruments</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">In fair value hedges of interest rate risk, the fair value change of
the hedged item attributable to the hedged risk is reflected as an adjustment
to the carrying value of the hedged item and recognized in the income statement
along with the change in the fair value of the hedging instrument. If the hedge
accounting relationship is terminated for reasons other than derecognition of
the hedged item, the adjustment to the carrying value is amortized to the
income statement over the remaining term to maturity of the hedged item using
the effective interest rate method. </font></p>








<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></i></p>

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 <p align=right style="border:none;margin:0cm;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="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;">69</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;">&nbsp;</font></p>

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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_75"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0cm 0cm 3.0pt 0cm;"><p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">1  Basis
of accounting (continued)</font></b></p>

</div>









<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Fair value hedges of foreign exchange
risk related to debt instruments</font></i></p>

<p style="margin:0cm;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 fair value hedges of foreign
currency risk, the fair value change of the hedged item attributable to the
hedged risk is reflected in the measurement of the hedged item and recognized
in the income statement along with the change in the fair value of the hedging
instrument. The foreign currency basis spread of cross-currency swaps designated
as hedging derivatives is excluded from the designation of fair value hedges of
foreign currency risk. UBS has chosen to account for the foreign currency basis
as a cost of hedging with amounts deferred in </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Other comprehensive income</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">
within </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Equity</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">. These amounts are released to the income statement over
the term of the hedged item or upon discontinuation of the hedge relationship.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Cash flow hedges of forecast
transactions</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">Fair
value gains or losses associated with the effective portion of derivatives
designated as cash flow hedges for cash flow repricing risk are recognized
initially in </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">Other comprehensive income </font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">within
</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">Equity. </font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">When the hedged forecast cash flows affect
profit or loss, the associated gains or losses on the hedging derivatives are
reclassified from </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">Equity </font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">to the income
statement and are presented </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">in </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Interest income from derivative
instruments designated as cash flow hedges </font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">within&nbsp;</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> Interest income from financial
instruments measured at amortized cost and fair value through other comprehensive
income</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">.&nbsp;</font></p>

<p style="margin:0cm;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;letter-spacing:-.15pt;line-height:11.5pt;">If a cash flow
hedge of forecast transactions is no longer considered effective, or if the
hedge relationship is terminated, the cumulative gains or losses on the hedging
derivatives previously reported in </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">Other comprehensive income</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;"> within </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">Equity </font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">remain there until the committed or forecast
transactions occur and affect profit or loss. If the forecast transactions are
no longer expected to occur, the deferred gains or losses are immediately reclassified
to the income statement.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Hedges of net investments in foreign
operations</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">Hedges
of net investments in foreign operations are accounted </font><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">for similarly to cash flow hedges.
Gains or losses on the hedging <br clear=all>
instrument relating to the effective portion of the hedge are recognized
directly in </font><i><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">Other comprehensive income</font></i><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;"> within </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">Equity</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;font-style:normal;letter-spacing:-.15pt;line-height:11.5pt;">,&nbsp;</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;"> </font></i><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">whilst any gains or losses relating
to the ineffective and/or undesignated portion (for example, the interest
element of a forward contract) are recognized in the income statement. Upon
disposal or partial disposal of the foreign operation, the cumulative value of
any such gains or losses recognized in </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">Equity&nbsp;</font></i><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;"> associated with the entity</font><i><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;"> </font></i><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">is
reclassified to </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Other income</font></i><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">.&nbsp;</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><i><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Hedge accounting under IAS 39 </font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">As
permitted under IFRS 9, the Group continues to apply hedge accounting
requirements of IAS 39 to fair value hedges of portfolio interest rate risk
related to loans. As a result, the hedge accounting policy set out in the UBS
Group AG consolidated financial statements included in the Annual Report 2019
continues to apply to this program. </font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Conceptual Framework</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.15pt;line-height:11.5pt;">Effective from 1 January 2020, UBS has adopted the revised version of
the Conceptual Framework for Financial Reporting (the Framework), issued by the
IASB in March 2018. The Framework sets out the fundamental concepts of
financial reporting and acts for UBS as a point of reference when developing
accounting policies in rare instances where a particular business transaction
is not covered by existing IFRS standards. The adoption of the Framework by UBS
had no effect on the Group&#8217;s financial statements.</font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Amendments to IFRS 3, </font></b><b><i><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Business
Combinations</font></i></b></p>

<p style="margin:0cm;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 1 January 2020, UBS has adopted
</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Definition of a Business </font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">(Amendments to IFRS 3) for transactions with an
acquisition date on or after this date. The amendments clarify the definition
of a business, with the objective of assisting in the determination of whether
a transaction should be accounted for as a business combination or an asset
acquisition. The adoption of these amendments on 1&nbsp;January 2020 had no
effect on the Group&#8217;s financial statements.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_77b622e288e74f77802c55bcc_bclEnd"></a><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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_57c1f11374e54127a521172e5_bclEnd"></a><a name="XBRL_TS_ffadef40706841a19e578acb9_bclEnd"></a><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:0cm;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;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&#160;&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Segment_reporting"></a></p>
<DIV bclFooter>

 <p style="border:none;margin:0cm;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="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;">70</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_76"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;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>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_7dc4c385ccb546a8aa99504f0"></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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">2&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Segment reporting<a name="Segment_reporting_bclEnd"></a><a name="XBRL_TS_7dc4c385ccb546a8aa99504f0_bclEnd"></a></font></b></p>

</div>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_9d4696f457d44440bb6892f03"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS&#8217;s businesses are organized globally into four business
divisions: Global Wealth Management, Personal &amp; Corporate Banking, Asset
Management and the Investment Bank. All four business divisions are supported
by Group Functions and qualify as reportable segments for the purpose of
segment reporting. Together with Group Functions they reflect the management structure
of the Group. </font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 1a Significant accounting policies item&nbsp;2&#8221; and
&#8220;Note&nbsp;2 Segment reporting&#8221; in the &#8220;Consolidated financial statements&#8221; section
of the Annual Report 2019 for more information about the Group&#8217;s reporting
segments</font></b></p>

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


</font><p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;font-weight:normal;line-height:11.5pt;">As outlined in Note 1,
beginning with the first quarter 2020 report, UBS no longer discloses operating
expenses by financial statement line item for each of its business divisions
within its segment reporting disclosures. In addition, UBS has renamed
Corporate Center to Group Functions in order to better reflect the nature of
the activities it performs.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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 1 for more information </font></b></p>






<font lang=DE-CH><br clear=all>







</font><p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_9d4696f457d44440bb6892f03_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>

<p style="margin:0cm;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:28.5pt;">
  <td valign=bottom width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="height:28.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth Management</font></p>
  </td>
 <td valign=bottom width=1% style="height:28.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp; Corporate Banking</font></p>
  </td>
 <td valign=bottom width=1% style="height:28.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Management</font></p>
  </td>
 <td valign=bottom width=1% style="height:28.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment Bank</font></p>
  </td>
 <td valign=bottom width=1% style="height:28.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group Functions</font></p>
  </td>
 <td valign=bottom width=1% style="height:28.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:28.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS </font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=45% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended 31
  March 2020</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,031&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;511&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(95)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(113)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,330&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Non-interest income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,569&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;470&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;518&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,666&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(352)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,871&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,600&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;981&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;514&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,571&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(465)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,202&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(53)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(77)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(122)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(268)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating income </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,547&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;904&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;514&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,449&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(480)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,934&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,329&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;570&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;357&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,741&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(71)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,926&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit / (loss)
  before tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,218&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;334&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;157&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;709&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(410)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,008&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tax expense / (benefit) </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;410&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,598&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td width=45% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of 31 March 2020</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total assets</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;309,878&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;211,455&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29,526&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;395,925&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;151,316&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,098,099&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:26.25pt;">
  <td valign=bottom width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:26.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="height:26.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:26.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth Management</font></p>
  </td>
 <td valign=bottom width=1% style="height:26.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:26.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp; Corporate Banking</font></p>
  </td>
 <td valign=bottom width=1% style="height:26.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:26.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Management</font></p>
  </td>
 <td valign=bottom width=1% style="height:26.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:26.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment Bank</font></p>
  </td>
 <td valign=bottom width=1% style="height:26.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:26.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group Functions</font></p>
  </td>
 <td valign=bottom width=1% style="height:26.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:26.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS </font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=45% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended 31
  March 2019</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,009&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;493&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(188)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(184)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,123&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Non-interest income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,994&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;462&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;453&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,976&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;231&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,115&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,003&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;955&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;446&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,788&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,239&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(22)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(20)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating income </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,003&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;957&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;446&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,765&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,218&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,140&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;570&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;343&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,558&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;62&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,672&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit / (loss)
  before tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;863&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;387&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;103&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(15)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,546&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tax expense / (benefit) </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;407&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,139&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td width=45% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of 31 December 2019</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=45% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total assets</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;309,766&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;209,405&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34,565&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;315,855&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;102,592&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;972,183&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=13 valign=top width=100% style="border:none;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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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 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=FR-CH style="font-size:9.0pt;line-height:2.0pt;"></font></p>

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<p style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;"><a name="XBRL_TS_ee82c268cd7b4dd4af0945d09"></a><a name="Net_interest_income"></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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">3 &#160;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Net interest income<a name="Net_interest_income_bclEnd"></a><a name="XBRL_TS_ee82c268cd7b4dd4af0945d09_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=33% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income from
  financial instruments measured at amortized cost and fair value
  through&nbsp;other&nbsp;comprehensive&nbsp;income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest income from loans and deposits<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,868&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,915&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,024&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest income from securities financing transactions<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;367&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;440&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;498&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest income from other financial instruments measured at
  amortized cost</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;94&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;96&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest income from debt instruments measured at fair value
  through other comprehensive income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;26&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest income from derivative instruments designated as cash
  flow hedges </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;113&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;80&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;26&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total interest income from
  financial instruments measured at amortized cost and fair value
  through&nbsp;other&nbsp;comprehensive&nbsp;income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,455&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,566&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,669&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest expense on loans and deposits<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;463&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;567&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;666&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest expense on securities financing transactions<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;219&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;255&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;288&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest expense on debt issued</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;676&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;726&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;899&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest expense on lease liabilities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;28&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total interest expense from
  financial instruments measured at amortized cost</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,385&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,578&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,885&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total net interest income
  from financial instruments measured at amortized cost and fair value
  through&nbsp;other&nbsp;comprehensive&nbsp;income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,069&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;988&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;785&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income from
  financial instruments measured at fair value through profit or loss</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income from financial instruments at fair value
  held for trading</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;201&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;240&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;434&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income from brokerage balances</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;137&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;127&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;77&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net interest income from securities financing transactions at
  fair value not held for trading<sup>5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest income from other financial instruments at fair value
  not held for trading</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;202&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;222&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;220&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest expense on other financial instruments designated at
  fair value</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(311)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(351)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(423)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total net interest income
  from financial instruments measured at fair value through profit or loss</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;261&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;273&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;339&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total net interest income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,330&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,262&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,123&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:29.25pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1&nbsp;Consists of interest income from cash and balances at
  central banks, loans and advances to banks and customers, cash collateral
  receivables on derivative instruments, and negative interest on amounts due
  to banks and customer deposits.&#160;&#160;&#160; 2&nbsp;Includes interest income on
  receivables from securities financing transactions and negative interest,
  including fees, on payables from securities financing transactions.&#160;&#160;&#160;
  3&nbsp;Consists of interest expense on amounts due to banks, cash collateral
  payables on derivative instruments, customer deposits, and negative interest
  on cash and balances at central banks, loans and advances to banks.&#160;&#160;&#160;
  4&nbsp;Includes interest expense on payables from securities financing
  transactions and negative interest, including fees, on receivables from
  securities financing transactions.&#160;&#160;&#160; 5&nbsp;Includes interest expense on securities
  financing transactions designated at fair value.</font></p>
  </td>
 </tr>
</table></div>



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

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

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

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

<p style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;"><a name="XBRL_TS_5e54cf0030b74ce0ae9969f87"></a><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note <a name="Net_fee_comm_bclEnd"></a>4&#160; </font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Net fee and
commission income<a name="XBRL_TS_5e54cf0030b74ce0ae9969f87_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=32% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Fee and commission income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Underwriting fees</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;200&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;194&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;155&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: equity underwriting
  fees</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;106&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;122&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;48&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: debt underwriting
  fees</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;93&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;72&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;107&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">M&amp;A and corporate finance fees</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;218&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;158&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;117&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Brokerage fees</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,245&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;794&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;828&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment fund fees</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,295&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,286&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,177&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Portfolio management and related services</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,059&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,978&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,804&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;461&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;446&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;459&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total fee and commission
  income<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,477&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,856&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,541&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: recurring</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,341&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,216&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,998&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: transaction-based</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,098&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,542&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,516&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: performance-based</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;99&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Fee and commission expense</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Brokerage fees paid</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;86&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;74&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;79&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Distribution fees paid</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;156&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;159&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;142&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;214&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;225&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;187&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total fee and commission
  expense</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;456&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;458&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;409&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net fee and commission
  income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,021&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,398&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,132&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net brokerage fees</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,158&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;720&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;748&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:33.0pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:33.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Reflects third-party fee and commission income for the first
  quarter of 2020 of USD&nbsp;3,384 million for Global Wealth Management
  (fourth quarter of 2019: USD 2,943 million; first quarter of 2019: USD 2,817
  million), USD&nbsp;354 million for Personal &amp; Corporate Banking (fourth
  quarter of 2019: USD 322 million; first quarter of 2019: USD 324 million),
  USD&nbsp;702 million for Asset Management (fourth quarter of 2019:
  USD&nbsp;747 million; first quarter of 2019: USD 619 million), USD&nbsp;1,004
  million for the Investment Bank (fourth quarter of 2019: USD 812 million;
  first quarter of 2019: USD 758 million) and USD&nbsp;33 million for Group
  Functions (fourth quarter of 2019: USD 30 million; first quarter of 2019: USD
  22 million).</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Other_income"></a></p>
<DIV bclFooter>

 <p style="border:none;margin:0cm;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="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;">72</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_78"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;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>

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

<p style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;"><a name="XBRL_TS_f7eea129fd0349f08a7d249a0"></a><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note <a name="Other_income_bclEnd"></a>5&#160; </font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Other income<a name="XBRL_TS_f7eea129fd0349f08a7d249a0_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Associates, joint ventures
  and subsidiaries</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net gains / (losses) from acquisitions and disposals of
  subsidiaries<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net gains / (losses) from disposals of investments in associates</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Share of net profits of associates and joint ventures</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;25&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net gains / (losses) from disposals of financial assets measured
  at fair value through other comprehensive income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income from properties<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net gains / (losses) from properties held for sale</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(27)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total other income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;43&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;49&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Includes foreign exchange gains / (losses) reclassified from
  other comprehensive income related to the disposal or closure of foreign
  operations.&#160;&#160;&#160; 2 Includes rent received from third parties.</font></p>
  </td>
 </tr>
</table></div>



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

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

<p style="border:none;margin-bottom:2.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_b3da358ca80b43a5ae7c74dab"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note <a name="Personnel_exp_bclEnd"></a></font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">6&#160; </font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Personnel
expenses<a name="XBRL_TS_b3da358ca80b43a5ae7c74dab_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Salaries and variable compensation</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,561&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,225&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,420&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial advisor compensation<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,094&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,049&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;960&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;84&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;99&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;96&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;211&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;193&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;213&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;236&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;183&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;224&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;135&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;152&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;128&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,321&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,902&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,043&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Financial advisor compensation consists of grid-based
  compensation based directly on compensable revenues generated by financial
  advisors and supplemental compensation calculated on the basis of financial
  advisor productivity, firm tenure, assets and other variables. It also
  includes expenses related to compensation commitments with financial advisors
  entered into at the time of recruitment that are subject to vesting
  requirements.</font></p>
  </td>
 </tr>
</table></div>



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

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

<p style="border:none;margin-bottom:2.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_ec4148b53615416494c9a5f4a"></a><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note<a name="Gen_adm_exp_bclEnd"></a> 7&#160; </font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">General and administrative expenses<a name="XBRL_TS_ec4148b53615416494c9a5f4a_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=32% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;97&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;100&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;97&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Rent and maintenance of IT and other equipment</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;198&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;196&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;185&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;149&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;160&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;156&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;148&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;198&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;123&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: UK and German bank
  levies</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;61&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;50&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;111&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;65&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;69&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;99&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;90&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Professional fees</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;160&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;285&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;176&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Outsourcing of IT and other services </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;235&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;340&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;271&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Litigation, regulatory and similar matters<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;104&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;24&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=67% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,133&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,618&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,187&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:18.0pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:18.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Reflects the net increase in / (release of) provisions for
  litigation, regulatory and similar matters recognized in the income
  statement. Refer to Note 16 for more information. Also includes recoveries
  from third parties (first quarter of 2020: USD&nbsp;1 million; fourth quarter
  of 2019: USD&nbsp;1 million; first quarter of 2019: USD&nbsp;7 million).&#160; </font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Income_taxes"></a></p>
<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">73</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_79"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;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>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_ccf000070fa0472c91246ea3f"></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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">8&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Income taxes<a name="Income_taxes_bclEnd"></a><a name="XBRL_TS_ccf000070fa0472c91246ea3f_bclEnd"></a></font></b></p>

</div>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_b071ed9de0424e3fb11c64783"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The Group recognized income tax expenses of USD&nbsp;410 million for
the first quarter of 2020, representing an effective tax rate of 20.4%,
compared with USD&nbsp;407 million for the first quarter of 2019.</font></p>

<p style="margin:0cm;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;">Current tax expenses were USD&nbsp;222
million, compared with USD&nbsp;170 million, and related to taxable profits of
UBS Switzerland AG and other entities.</font></p>

<p style="margin:0cm;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;">Deferred tax expenses were USD&nbsp;188
million, compared with USD&nbsp;237 million. These primarily reflect the
amortization of deferred tax assets (DTAs) previously recognized in relation to
tax losses carried forward and deductible temporary differences</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">, including the amortization of US tax loss DTAs
at th</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">e level of UBS Americas Inc.<a name="XBRL_TS_b071ed9de0424e3fb11c64783_bclEnd"></a></font></p>

<p style="margin:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="EPS_shares_outstanding"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:2.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_aa193e92d3024779b8b6d4408"></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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">9&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> <a name="EPS_shares_outstanding_bclEnd"></a> </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Earnings per share
(EPS) and shares outstanding<a name="XBRL_TS_aa193e92d3024779b8b6d4408_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=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=66% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Basic earnings (USD million)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss) attributable to shareholders</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,595&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;722&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,141&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=66% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Diluted earnings (USD
  million)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss) attributable to shareholders</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,595&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;722&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,141&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Less: (profit) / loss on own equity derivative contracts</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss) attributable to shareholders for diluted EPS</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,595&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;722&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,141&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=66% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Weighted average shares
  outstanding</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Weighted average shares outstanding for basic EPS<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,591,853,051&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,620,301,872&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,694,398,974&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Effect of dilutive potential shares resulting from notional
  shares, in-the-money options and warrants outstanding</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;114,911,986&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;111,621,088&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;106,745,967&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Weighted average shares outstanding for diluted EPS</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,706,765,037&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,731,922,960&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,801,144,941&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=66% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Earnings per share (USD)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Basic</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.44&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.20&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.31&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Diluted </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.43&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.19&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.30&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=66% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Shares outstanding and
  potentially dilutive instruments</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Shares issued</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,859,055,395&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,859,055,395&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,858,959,179&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Treasury shares</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;274,964,517&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;243,021,296&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;145,878,663&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Shares outstanding</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,584,090,878&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,616,034,099&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,713,080,516&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Potentially dilutive instruments<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;29,801,232&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21,578,671&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;26,044,977&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 The weighted average shares outstanding for basic EPS are
  calculated by taking the number of shares at the beginning of the period,
  adjusted by the number of shares acquired or issued during the period, multiplied
  by a time-weighted factor for the period outstanding. As a result, balances
  are affected by the timing of acquisitions and issuances during the
  period.&#160;&#160;&#160; 2 Reflects potential shares that could dilute basic earnings per
  share in the future, but were not dilutive for the periods presented. It
  mainly includes equity derivative contracts.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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;text-decoration:none;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Expected_credit_loss"></a><a name="XBRL_TS_86d3852a4b024186a4f22ce22"></a><a name="EPS_shares_outstanding_0"></a></p>
<DIV bclFooter>

 <p style="border:none;margin:0cm;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="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;">74</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_80"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;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>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">10&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> <a name="EPS_shares_outstanding_0_bclEnd"></a> Expected credit
loss measurement<a name="Expected_credit_loss_bclEnd"></a><a name="XBRL_TS_86d3852a4b024186a4f22ce22_bclEnd"></a></font></b></p>

</div>









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

<p style="border:none;margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_38dce45f05f44c7f88791e679"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">a) Expected credit losses in the period<a name="XBRL_TS_38dce45f05f44c7f88791e679_bclEnd"></a></font></b></p>

</div>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Total net credit loss
expenses were USD&nbsp;268 million during the first quarter of 2020, compared
with USD&nbsp;20 million during the first quarter of 2019, reflecting net
expenses of USD&nbsp;89 million related to stages 1 and 2 positions and net
expenses of USD&nbsp;179 million related to credit-impaired (stage 3) positions.</font></p>

<p style="margin:0cm;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;">Stages 1 and 2 net credit loss expenses of USD&nbsp;89
million include: (i) USD&nbsp;63 million expenses that result from certain
lending positions to industries and sectors that were adversely affected by
COVID-19 and other market effects, in particular from energy-related exposures
(USD&nbsp;26 million) and securities financing transactions with a number of real
estate investment trusts (USD&nbsp;15 million); and (ii) USD&nbsp;26 million
expenses from systemic changes in scenarios and scenario weights.</font></p>

<font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.2pt;"><br clear=all>


</font><p style="margin:0cm;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;letter-spacing:-.2pt;line-height:11.5pt;">Stage 3 net
credit loss expenses of USD&nbsp;179 million were recognized across Personal
&amp; Corporate Banking (USD&nbsp;62 million), the Investment Bank (USD&nbsp;60
million), Global Wealth Management (USD&nbsp;41 million) and Group Functions (USD&nbsp;16
million). Stage 3 expenses in Personal &amp; Corporate Banking predominantly
stem from a deterioration in the recoveries expected from loans to corporate
counterparties that were already credit-impaired at year-end 2019. Stage 3
expenses in the Investment Bank include a number of credit-impaired positions
from energy-related exposures (USD&nbsp;44 million) and securities financing
transactions with a number of real estate investment trusts (USD&nbsp;16
million). Stage 3 expenses in Global Wealth Management primarily relate to a
small number of collateralized lending positions. Stage 3 expenses in Group
Functions arose from an energy-related exposure in the Non-core and Legacy
Portfolio.</font></p>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_5e1add2f84514b6fa11ac9c9e"></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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 <p align=right style="border:none;margin:0cm;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="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;">75</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;">&nbsp;</font></p>

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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_81"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;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;">&nbsp;</font></p>

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<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">10&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; Expected
credit loss measurement (continued)</font></b></p>

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<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;padding:0cm;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">b) <a name="XBRL_TS_5e1add2f84514b6fa11ac9c9e_bclEnd"></a>Changes to
ECL models, scenarios, scenario weights and key inputs</font></b></p>

</div>









<p style="margin:0cm;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 rapid spread of COVID-19 and the
unprecedented measures taken by governments across the globe to contain the
pandemic have resulted in a high degree of uncertainty regarding the economic
consequences of these events. Management has assessed the situation and has
exercised judgment in the absence of historic precedent, as explained below.
Management has also carefully considered guidance issued by supervisory
authorities concerning the interpretation of key elements of IFRS&nbsp;9, </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Financial
instruments</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">, in the context of COVID-19. The guidance covers three main
areas: (i) identification of appropriate forecasts, (ii) giving due
consideration to various government support measures and (iii) identifying a
significant increase in credit risk, in particular when payment holidays or
other concessions may have been granted.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Identification of appropriate forecasts,
scenarios and scenario weights</font></p>

<p style="margin:0cm;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 the first quarter of 2020, the
four scenarios and related macroeconomic factors that were applied at the end
of 2019 were reviewed in light of the economic and political conditions
prevailing at quarter-end through a series of extraordinary governance
meetings, with input from UBS risk and finance experts across the regions and
business divisions. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:14.2pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The key aspects of
the narratives for the scenarios are summarized below. </font></p>

<p style="margin-bottom:0cm;margin-left:11.35pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">&#8211;</font><font face="Times New Roman" lang=EN-GB style="font-size:7.0pt;line-height:11.5pt;">&nbsp;&nbsp;
</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The baseline scenario was updated for 31 March
2020 and assumes a deterioration of GDP in relevant markets, especially in the
US and in Switzerland, increasing unemployment, including a sharp increase in
the US in the first half of 2020 to previously unseen levels, lower equity
prices and higher market volatility. House prices are assumed to be largely
flat in Switzerland over 2020 but to decrease in the US. Overall, modest
economic improvements are expected to take place from the second half of 2020.
There is, however, substantial uncertainty regarding the extent to which the
baseline scenario narrative reliably captures the effects of government
measures to mitigate the health and economic effects of the pandemic crisis.
Consequently, there is substantial uncertainty regarding the extent to which
the baseline scenario, as applied in UBS&#8217;s models, can reliably predict the
effects of the pandemic crisis on UBS&#8217;s credit portfolio across divisions and
regions.</font></p>

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


</font><p style="margin-bottom:0cm;margin-left:11.35pt;margin-right:0cm;margin-top:0cm;text-align:justify;text-indent:-11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">&#8211;</font><font face="Times New Roman" lang=EN-GB style="font-size:7.0pt;line-height:11.5pt;">&nbsp;&nbsp;
</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The hypothetical scenarios, in particular the
upside and mild downside scenarios, are now less plausible. Given the
considerable uncertainties associated with the economic conditions, an
exceptional interim redesign of these scenarios was not deemed appropriate. In
addition, having multiple scenarios would be speculative and compete with the
probability weight estimation for the baseline and severe downside scenario.
Therefore, management agreed that the upside and the mild downside narratives
should not be changed at this point in time, but their probability weights
should be set to zero (see further information below). </font></p>

<p style="margin-bottom:0cm;margin-left:11.35pt;margin-right:0cm;margin-top:0cm;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;">&#8211;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:11.5pt;">&nbsp;&nbsp;
</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The narrative for the severe downside scenario
covers a severe recessionary phase affecting all major economies, with a
wide-ranging slowdown, mainly caused by global trade tensions and debt
sustainability concerns in Europe. Trade and business confidence are also
affected, in particular in the key export markets for Swiss industry. The
severe downside scenario is still considered appropriate in light of COVID-19,
given the recessionary impacts it covers, </font><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">even though
the narrative is based on a different trigger for a global recession</font><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:0cm;margin-left:11.35pt;margin-right:0cm;margin-top:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:14.2pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">As a consequence
of the exceptional circumstances and prevailing uncertainties at the end of the
first quarter of 2020, the weight allocation between the four scenarios has
shifted significantly. The upside and mild downside scenarios have been
temporarily weighted with a 0% probability, with the baseline scenario weighted
at 70% and the severe downside scenario at 30% to best reflect management&#8217;s
current sentiment regarding the boundaries of economic outcomes. The weight
allocated to the severe downside scenario is substantially higher than the 15%
weight applied in the fourth quarter of 2019, as there is significant
uncertainty as to whether the pandemic can be contained sufficiently early and
effectively. If not, a longer-term economic shock is expected, which could not
be sufficiently counteracted by government measures, or, alternatively, could
lead to potentially unstable fiscal positions with far-reaching consequences.
With interest rates at their current level &#8211; and further lowered in some
countries &#8211; there is extremely limited room for central banks to stimulate the
economy. In such a severe downside scenario, the risk significantly increases
that firms, while temporarily kept afloat with liquidity lines, will encounter
a deteriorating credit standing or solvency problems.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:14.2pt;"><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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:14.2pt;"><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:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:2.0pt;">&nbsp;</font></p>


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<p style="margin:0cm;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;">&nbsp;</font></p>

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<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">10&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; Expected
credit loss measurement (continued)</font></b></p>

</div>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:8.0pt;line-height:11.5pt;">Economic scenarios and weights applied</font></b></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:14.2pt;page-break-inside:avoid;">
  <td width=33% style="background:#BEBEBE;border-bottom:solid white 1.0pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font color=windowtext face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;line-height:8.25pt;">ECL scenario</font></b></p>
  </td>
 <td colspan=2 width=67% style="background:#BEBEBE;border:none;border-bottom:solid white 1.0pt;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;text-align:center;"><b><font color=windowtext face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;line-height:8.25pt;">Assigned
  weights in %</font></b></p>
  </td>
 </tr>
<tr style="height:14.2pt;page-break-inside:avoid;">
  <td width=33% style="background:#E6E6E6;border-bottom:solid white 1.0pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:6.0pt;margin-left:2.85pt;margin-right:0cm;margin-top:0cm;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 <td width=33% style="background:#E6E6E6;border-bottom:solid white 1.0pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;margin-left:2.9pt;margin-right:2.9pt;margin-top:0cm;text-align:right;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">31.3.20</font></p>
  </td>
 <td width=34% style="background:#E6E6E6;border:none;border-bottom:solid white 1.0pt;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;text-align:right;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;page-break-inside:avoid;">
  <td width=33% style="background:#E6E6E6;border-bottom:solid white 1.0pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;margin-left:2.9pt;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Upside</font></p>
  </td>
 <td width=33% style="background:#E6E6E6;border-bottom:solid white 1.0pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;margin-left:2.9pt;margin-right:2.9pt;margin-top:0cm;text-align:right;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">0.0</font></p>
  </td>
 <td width=34% style="background:#E6E6E6;border:none;border-bottom:solid white 1.0pt;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;text-align:right;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">7.5</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;page-break-inside:avoid;">
  <td width=33% style="background:#E6E6E6;border-bottom:solid white 1.0pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;margin-left:2.9pt;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Baseline</font></p>
  </td>
 <td width=33% style="background:#E6E6E6;border-bottom:solid white 1.0pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;margin-left:2.9pt;margin-right:2.9pt;margin-top:0cm;text-align:right;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">70.0</font></p>
  </td>
 <td width=34% style="background:#E6E6E6;border:none;border-bottom:solid white 1.0pt;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;text-align:right;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">42.5</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;page-break-inside:avoid;">
  <td width=33% style="background:#E6E6E6;border-bottom:solid white 1.0pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;margin-left:2.9pt;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Mild downside</font></p>
  </td>
 <td width=33% style="background:#E6E6E6;border-bottom:solid white 1.0pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;margin-left:2.9pt;margin-right:2.9pt;margin-top:0cm;text-align:right;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">0.0</font></p>
  </td>
 <td width=34% style="background:#E6E6E6;border:none;border-bottom:solid white 1.0pt;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;text-align:right;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">35.0</font></p>
  </td>
 </tr>
<tr style="height:14.2pt;page-break-inside:avoid;">
  <td width=33% style="background:#E6E6E6;border:none;border-right:solid white 1.5pt;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;margin-left:2.9pt;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Severe
  downside</font></p>
  </td>
 <td width=33% style="background:#E6E6E6;border:none;border-right:solid white 1.5pt;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;margin-left:2.9pt;margin-right:2.9pt;margin-top:0cm;text-align:right;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">30.0</font></p>
  </td>
 <td width=34% style="background:#E6E6E6;border:none;height:14.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;text-align:right;"><font color=windowtext face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">15.0</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:14.2pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">ECL is sensitive
to changing scenario weights, in particular if narratives and parameters are
selected that are not close to the baseline scenario, highlighting the
non-linearity of credit losses. UBS reported USD&nbsp;429 million ECL
allowances and provisions for stages 1 and 2 positions at the end of the first
quarter 2020. If UBS had applied a 100% weight to the baseline scenario or 100%
weight to the global crisis scenario, ECL allowances and provisions would have
been approximately USD&nbsp;400 million and USD&nbsp;600 million, respectively.
If all stage 1 and 2 positions across the portfolio had been measured for
lifetime ECLs irrespective of their actual SICR status, with a 70% weight
applied to the baseline and 30% to the severe downside scenario, ECL allowances
and provisions for positions not subject to credit-impairment would have been approximately
USD&nbsp;900 million.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Consideration regarding the various
government support measures </font></p>

<p style="margin:0cm;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 effects of government support
measures to address national health and economic concerns arising from the
pandemic, including the provision of guaranteed credit for liquidity purposes
in order to allow small and medium-sized entities and certain heavily impacted
larger corporations to restart operations and to restructure damaged balance
sheets, represent unknowns, given the lack of precedence and data available
from a similar historical crisis. Accordingly, their effects on UBS&#8217;s
narratives and models are difficult to quantify with any degree of confidence.
UBS has, however, followed guidance from  <FONT face=times style="font-size:12px;color:teal;display:none">&lt;R&gt;</FONT><br clear=all>
<FONT face=times style="font-size:12px;color:teal;display:none">&lt;/R&gt;</FONT>regulators and standard setters, who have indicated that, while
government support measures should be incorporated in forward looking
information, banks should not automatically move positions from stage 1 to
stage 2. UBS has addressed these unmodelled effects where appropriate through
the use of management overlays.</font></p>

<p style="margin:0cm;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;">At the end of the first quarter, UBS
recognized USD&nbsp;1.2 billion of irrevocable loan commitments under the new
Swiss government-backed facilities. No material ECL was recognized on these
commitments, given the guarantee in place. However, UBS will closely monitor
the situation, as these clients may, in the longer term, face increased
pressures, affecting their ability to repay.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">Identification of SICR and stage
allocation</font></p>

<p style="margin:0cm;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 has considered both quantitative
and qualitative indicators over the expected life of an instrument, including
the expected effect of government programs to support borrowers, to determine
whether there is any significant increase in credit risk. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:14.2pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">At the end of the
first quarter of 2020, UBS was not aware of a material number of requests for payment
holidays or other forbearance measures that were outside the firm&#8217;s risk
appetite, and UBS will continue to monitor this situation closely in future
quarters. UBS has appropriately distinguished between: borrowers with business
models that are expected to be sustainable in the longer term and recover post
COVID-19; clients not yet in financial difficulties, but which may face
longer-term challenges and have therefore been placed on the watch list and
moved to stage 2; and those which are impaired and consequently have been moved
to stage 3.</font></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 1a Significant
accounting policies item 3g&#8221; and &#8220;Note 23 Expected credit loss measurement&#8221; in
the &#8220;Consolidated financial statements&#8221; section of the Annual Report 2019 for
more information </font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;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;Note 19 Events after the reporting period&#8221; of this report
for more information on UBSs ECL</font></b></p>

<p style="margin-bottom:0cm;margin-left:22.7pt;margin-right:0cm;margin-top:0cm;text-indent:0cm;"><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:0cm;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:0cm;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;">&nbsp;</font></p>


<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">77</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_83"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;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;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:2.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">10&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Expected credit loss measurement
(continued)</font></b></p>

</div>









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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;padding:0cm;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">c) ECL-relevant balance sheet and
off-balance sheet positions including ECL allowances and provisions</font></b></p>

</div>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_0bfe126ce1f64243a65ce533c"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The tables on the following pages provide information about
financial instruments and certain non-financial instruments that are subject to
ECL. For amortized-cost instruments, the carrying amount represents the maximum
exposure to credit risk, taking into account the allowance for credit losses.
Financial assets measured at fair value through other comprehensive income
(FVOCI) are also subject to ECL; however, unlike amortized-cost instruments,
the allowance for credit losses for FVOCI instruments does not reduce the
carrying value of these financial assets. Rather, the carrying value of
financial assets measured at FVOCI represents the maximum exposure to credit
risk.</font></p>

<p style="margin:0cm;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;">In addition to on-balance sheet financial
assets, certain off-balance sheet and other credit lines are also subject to
ECL. The maximum exposure to credit risk for off-balance sheet financial
instruments is calculated based on the maximum contractual amounts.<a name="XBRL_TS_0bfe126ce1f64243a65ce533c_bclEnd"></a></font></p>








<p style="margin:0cm;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>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=9 width=57% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td valign=bottom width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=28% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Carrying amount<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=28% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">ECL allowance</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial instruments
  measured at amortized cost</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 1</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 2</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 3</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 1</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 2</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 3</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash and balances at central banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;139,258&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;139,258&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans and advances to banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,972&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,894&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;78&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89,648&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;88,394&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;449&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;804&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(34)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(15)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash collateral receivables on derivative instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39,545&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39,545&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans and advances to customers</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;337,551&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;320,740&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14,896&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,914&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(936)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(101)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(164)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(671)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Private clients
  with mortgages</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;134,759&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;126,633&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,168&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;957&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(111)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(17)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(55)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(39)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Real estate
  financing</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39,097&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33,876&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,205&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(49)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(39)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Large corporate
  clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,343&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14,328&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;849&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;166&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(191)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(21)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(35)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(134)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: SME clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11,943&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10,453&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,036&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;455&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(358)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(18)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(20)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(320)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Lombard</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;114,401&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;114,144&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;258&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(56)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(10)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(46)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Credit cards</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,317&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;985&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;308&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(34)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(14)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(14)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Commodity trade
  finance</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,801&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,778&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(82)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(77)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other financial assets measured at amortized cost</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23,765&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22,820&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;410&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;536&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(143)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(31)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(15)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(97)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Loans to financial
  advisors</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,699&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,198&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;303&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;198&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(112)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(25)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(73)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total financial assets
  measured at amortized cost</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;646,739&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;627,651&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,833&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,255&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,120)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(139)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(195)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(786)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets measured at
  fair value through other comprehensive income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,653&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,653&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total on-balance sheet
  financial assets in scope of ECL requirements</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;654,392&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;635,305&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,833&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,255&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,120)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(139)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(195)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(786)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td valign=bottom width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=28% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total exposure</font></b></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=28% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">ECL provision</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Off-balance sheet (in
  scope of ECL)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 1</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 2</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 3</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 1</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 2</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 3</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Guarantees</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17,830&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17,387&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;361&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;83&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(76)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(66)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Large corporate
  clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,742&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,471&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;244&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;26&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(33)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(32)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: SME clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,308&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,185&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;67&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;56&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(28)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(27)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Financial
  intermediaries and hedge funds </font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,965&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,949&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Lombard</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;603&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;603&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Commodity trade
  finance</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,967&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,951&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Irrevocable loan commitments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;28,334&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27,701&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;550&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;84&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(46)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(34)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Large corporate
  clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,224&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17,712&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;453&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;59&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(33)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(26)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(7)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Forward starting reverse repurchase and securities borrowing agreements</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,123&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,123&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Committed unconditionally revocable credit lines</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34,487&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33,509&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;942&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(36)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(20)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Real estate
  financing</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,989&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,679&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;310&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(12)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Large corporate
  clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,784&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,697&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;70&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: SME clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,644&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,492&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;133&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(10)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(9)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Lombard</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,649&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,649&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Credit cards</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,295&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,923&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;371&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Irrevocable committed prolongation of existing loans</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,040&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,038&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total off-balance sheet
  financial instruments and other credit lines</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89,814&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;87,757&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,852&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;204&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(162)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(66)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(29)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(66)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total allowances and
  provisions</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,282)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(205)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(225)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(852)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td colspan=11 valign=top width=100% style="border:none;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 The carrying amount of financial assets measured at amortized
  cost represents the total gross exposure net of the respective ECL
  allowances.</font></p>
  </td>
 </tr>
</table></div>



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









<DIV bclFooter>

 <p style="border:none;margin:0cm;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="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;">78</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;">&nbsp;</font></p>

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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_84"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;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;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:2.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">10&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Expected credit loss measurement (continued)</font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=9 width=57% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td valign=bottom width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=28% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Carrying amount<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=28% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">ECL allowance</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial instruments
  measured at amortized cost</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 1</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 2</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 3</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 1</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 2</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 3</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash and balances at central banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;107,068&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;107,068&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans and advances to banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,447&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,367&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;80&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;84,245&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;84,245&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash collateral receivables on derivative instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23,289&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23,289&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans and advances to customers</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;326,786&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;309,499&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,538&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,749&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(764)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(82)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(123)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(559)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Private clients
  with mortgages</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;132,646&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;124,063&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,624&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;959&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(110)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(15)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(55)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(41)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Real estate
  financing</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;38,481&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32,932&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,532&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(43)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(34)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Large corporate
  clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,703&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,184&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;424&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;94&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(117)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(15)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(98)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: SME clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11,786&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,817&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,449&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;521&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(303)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(17)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(15)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(271)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Lombard</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;112,893&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;112,796&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;98&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(22)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(18)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Credit cards</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,661&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,314&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;325&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(35)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(14)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Commodity trade
  finance</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,844&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,826&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(81)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(77)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other financial assets measured at amortized cost</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22,980&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21,953&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;451&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;576&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(143)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(35)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(95)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Loans to financial
  advisors</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,877&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,341&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;334&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;202&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(109)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(29)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(70)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total financial assets
  measured at amortized cost</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;576,815&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;558,420&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,069&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,326&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(915)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(124)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(137)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(655)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets measured at
  fair value through other comprehensive income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,345&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,345&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total on-balance sheet
  financial assets in scope of ECL requirements</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;583,159&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;564,765&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,069&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,326&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(915)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(124)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(137)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(655)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td valign=bottom width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=28% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total exposure</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=28% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">ECL provision</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Off-balance sheet (in scope
  of ECL)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 1</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 2</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 3</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 1</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 2</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Stage 3</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Guarantees</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,142&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17,757&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;304&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;82&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(42)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(33)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Large corporate
  clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,687&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,461&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;203&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;24&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(10)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(9)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: SME clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,180&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,055&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;67&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;58&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(24)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(23)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Financial
  intermediaries and hedge funds </font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,966&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,950&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Lombard</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;622&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;622&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Commodity trade
  finance</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,334&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,320&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Irrevocable loan commitments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27,547&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27,078&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;419&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;50&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(35)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(30)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Large corporate
  clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,735&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,349&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;359&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(27)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(24)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Forward starting reverse repurchase and securities borrowing
  agreements</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,657&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,657&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Committed unconditionally revocable credit lines</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,092&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33,848&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,197&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(34)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(17)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(17)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Real estate
  financing</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,242&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,934&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;307&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Large corporate
  clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,274&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,188&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;69&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: SME clients</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,787&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,589&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;171&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(9)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Lombard</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,976&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,975&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Credit cards</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,890&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,535&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;355&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Commodity trade
  finance</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;344&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;344&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Irrevocable committed prolongation of existing loans</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,289&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,285&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total off-balance sheet
  financial instruments and other credit lines</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;85,728&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;83,626&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,920&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;182&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(114)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(58)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(23)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(33)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total allowances and
  provisions</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,029)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(181)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(160)&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(688)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td colspan=11 valign=top width=100% style="border:none;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 The carrying amount of financial assets measured at amortized
  cost represents the total gross exposure net of the respective ECL
  allowances.</font></p>
  </td>
 </tr>
</table></div>



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

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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="FairValue_measurement"></a></p>
<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">79</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_85"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;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>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_11216334768c4aa49af23a5a2"></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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">11<a name="FairValue_measurement_bclEnd"></a></font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Fair value measurement<a name="XBRL_TS_11216334768c4aa49af23a5a2_bclEnd"></a></font></b></p>

</div>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_51bf4d93cb814fb0bb88c41a0"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">This Note provides fair value measurement information for both
financial and non-financial instruments and should be read in conjunction with
&#8220;Note 24 Fair value measurement&#8221; in the &#8220;Consolidated financial statements&#8221;
section of the Annual Report 2019, which provides more information about
valuation principles, valuation governance, fair value hierarchy
classification, valuation adjustments, valuation techniques and inputs,
sensitivity of fair value measurements, and methods applied to calculate fair
values for financial instruments not measured at fair value.</font></p>

<p style="margin:0cm;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;">All financial and non-financial assets and
liabilities measured or disclosed at fair value are categorized into one of
three fair value hierarchy levels. In certain cases, the inputs used to measure
fair value may fall within different levels of the fair value hierarchy. For
disclosure purposes, the level in the hierarchy within which the instrument is
classified in its entirety is based on the lowest level input that is
significant to the position&#8217;s fair value measurement:</font></p>

<p style="margin-bottom:0cm;margin-left:11.35pt;margin-right:0cm;margin-top:0cm;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;">&#8211;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:11.5pt;">&nbsp;&nbsp;
</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Level 1: quoted prices (unadjusted) in active
markets for identical assets and liabilities;</font></p>

<p style="margin-bottom:0cm;margin-left:11.35pt;margin-right:0cm;margin-top:0cm;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;">&#8211;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:11.5pt;">&nbsp;&nbsp;
</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Level 2: valuation techniques for which all significant
inputs are, or are based on, observable market data; or</font></p>

<p style="margin-bottom:0cm;margin-left:11.35pt;margin-right:0cm;margin-top:0cm;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;">&#8211;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:11.5pt;">&nbsp;&nbsp;
</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Level 3: valuation techniques for which
significant inputs are not based on observable market data.</font></p>

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


</font><p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><a name="XBRL_TS_51bf4d93cb814fb0bb88c41a0_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">During the first quarter of 2020, the significant levels of market
activity, reflecting the effects of the COVID-19 pandemic, resulted in a number
of notable quarter-on-quarter variances. The main movements were the following:</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">Financial assets at fair value held for
trading </font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">decreased by USD&nbsp;37 billion</font><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">, mainly in the Investment Bank, </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">primarily reflecting
a reduction in inventory levels to increase funding available for its business
activities as well as market-driven movements</font><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">.&nbsp;</font></p>

<p style="margin:0cm;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;">Derivative financial assets</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;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;">increased
by USD&nbsp;91 billion and derivative financial liabilities increased by
USD&nbsp;86 billion, in a volatile market environment, primarily reflecting
market-driven movements in foreign exchange and equity / index contracts in our
Derivatives &amp; Solutions and Financing businesses in the Investment Bank.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Debt issued designated at fair value</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> decreased by <br>
USD&nbsp;14 billion, reflecting market-driven movements and a significant
widening of UBS&#8217;s credit spreads. </font></p>

<p style="margin-bottom:0cm;margin-left:11.35pt;margin-right:0cm;margin-top:0cm;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:0cm;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 style="border:none;margin:0cm;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="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;">80</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;">&nbsp;</font></p>

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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_86"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;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;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">11&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Fair value measurement (continued)</font></b></p>

</div>









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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_a0b9071c885a4202b9a722e4c"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">a) Fair value
hierarchy<a name="XBRL_TS_a0b9071c885a4202b9a722e4c_bclEnd"></a></font></b></p>

</div>


<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_ac68ae181882435287c64bd00"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The fair value hierarchy classification of financial and
non-financial assets and liabilities measured at fair value is summarized in
the table below.<a name="XBRL_TS_ac68ae181882435287c64bd00_bclEnd"></a></font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:8.25pt;">
  <td colspan=11 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Determination of fair values
  from quoted market prices or valuation techniques<sup>1</sup></font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=28% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=1% style="border:none;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=28% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 1</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 2</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 3</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 1</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 2</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 3</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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td colspan=6 width=71% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets measured at
  fair value on a recurring basis</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets at fair value held for trading</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;73,693&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14,779&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,018&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;90,490&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;113,634&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,068&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,812&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;127,514&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity instruments</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54,966&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;535&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;185&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;55,686&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;96,161&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;400&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;226&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;96,787&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Government bills / bonds</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11,017&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,826&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13,852&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,630&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,770&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;64&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11,464&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment fund units</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,077&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,556&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,654&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,088&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,729&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;50&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,867&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate and municipal
  bonds</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;618&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,230&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;498&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,346&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;755&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,617&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;542&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,914&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,205&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,120&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,325&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,180&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;791&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,971&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset-backed securities</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;428&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;184&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;628&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;372&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;140&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;512&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivative financial instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,193&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;209,344&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,445&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;212,982&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;356&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;120,222&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,264&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;121,841&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign exchange contracts</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;635&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;94,070&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;26&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;94,730&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;240&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;52,227&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;52,474&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest rate contracts</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;55,398&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;418&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;55,836&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;42,288&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;263&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;42,558&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity / index contracts</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,989&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,301&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;55,294&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22,220&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;597&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22,825&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit derivative contracts</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,574&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;669&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,243&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,612&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;394&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,007&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Commodity contracts</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,909&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,915&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,820&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,821&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Brokerage receivables</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20,319&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20,319&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,007&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,007&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets at fair value not held for trading</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39,666&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39,388&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,699&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;82,753&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;40,608&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39,373&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,963&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;83,944&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets for
  unit-linked investment contracts</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22,826&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22,826&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27,568&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;118&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27,686&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate and municipal
  bonds</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;655&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19,753&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20,408&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;653&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,732&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19,385&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Government bills / bonds</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,954&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,853&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19,808&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,089&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,700&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,790&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,390&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,081&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,470&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10,206&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,231&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11,438&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Securities financing
  transactions</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,909&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;147&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,056&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,148&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;147&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,294&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Auction rate securities</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,393&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,393&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,536&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,536&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment fund units</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;138&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;395&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;107&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;641&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;194&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;448&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;98&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;740&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity instruments</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;93&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;454&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;549&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;103&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;452&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;559&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;84&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;518&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;602&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;499&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;515&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=11 width=100% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets measured at
  fair value through other comprehensive income on a recurring basis</font></b></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td valign=bottom width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets measured at fair value through other
  comprehensive income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,651&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,002&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,653&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,906&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,439&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,345&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset-backed securities</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,507&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,507&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,955&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,955&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Government bills / bonds</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,613&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;92&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,705&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,859&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,875&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate and municipal
  bonds</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;38&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;404&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;441&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;468&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;515&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td colspan=6 width=71% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Non-financial assets measured
  at fair value on a recurring basis</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Precious metals and other physical commodities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,050&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,050&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,597&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,597&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td colspan=6 width=71% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Non-financial assets
  measured at fair value on a non-recurring basis</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other non-financial assets<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;202&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;202&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;199&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;199&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;120,253&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;289,832&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,364&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;418,449&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;161,101&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;194,110&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,237&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;362,448&nbsp;</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;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 bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">81</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_87"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;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;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">11&#160; Fair value measurement</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> (continued)</font></b></p>

</div>









<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:9.75pt;">
  <td colspan=11 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Determination of fair values
  from quoted market prices or valuation techniques (continued)<sup>1</sup></font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=28% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=1% style="border:none;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=28% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 1</font></b></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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 2</font></b></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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 3</font></b></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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 1</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 2</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 3</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=5 width=64% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial liabilities
  measured at fair value on a recurring basis</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial liabilities at fair value held for trading</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;26,965&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,463&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;143&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32,571&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;25,791&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,726&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;75&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30,591&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity instruments</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22,289&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;282&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;26&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22,598&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22,526&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;149&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;59&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22,734&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate and municipal
  bonds</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,921&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;74&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,018&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;40&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,606&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,661&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Government bills / bonds</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,880&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;710&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,590&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,820&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;646&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,466&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment fund units</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;774&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;532&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;43&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,349&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;404&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;294&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;698&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivative financial instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,246&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;201,770&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,633&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;206,649&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;385&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;118,498&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,996&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;120,880&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign exchange contracts</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;636&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;92,515&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;65&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;93,217&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;248&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,705&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;60&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54,013&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest rate contracts</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;49,776&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;892&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;50,674&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,434&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;130&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,571&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity / index contracts</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,968&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,557&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;55,528&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;24,171&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,293&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;25,468&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit derivative contracts</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,875&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,065&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,940&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,448&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;512&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,960&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Commodity contracts</font></i></p>
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 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,437&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,438&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,707&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,707&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
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 </tr>
<tr style="height:9.75pt;">
  <td colspan=5 width=64% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial liabilities
  designated at fair value on a recurring basis</font></b></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
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 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Brokerage payables designated at fair value</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37,652&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37,652&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37,233&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;37,233&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Debt issued designated at fair value</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46,013&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,286&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,299&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;56,943&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,866&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;66,809&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=42% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other financial liabilities designated at fair value</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30,309&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,227&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31,536&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,119&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;822&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,940&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial liabilities
  related to unit-linked investment contracts</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23,150&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23,150&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;28,145&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;28,145&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Securities financing
  transactions</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,992&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,992&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,742&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,742&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Over-the-counter debt
  instruments</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,159&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,138&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,297&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,231&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;791&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,022&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=42% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;28,211&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;321,207&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,289&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;361,707&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;26,176&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;252,518&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,759&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;291,452&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.15pt;">
  <td colspan=11 valign=top width=100% style="border:none;height:10.15pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Bifurcated embedded derivatives are presented on the same
  balance sheet lines as their host contracts and are not included in this
  table. The fair value of these derivatives was not material for the periods
  presented.&#160;&#160;&#160; 2 Other non-financial assets primarily consist of properties
  and other non-current assets held for sale, which are measured at the lower
  of their net carrying amount or fair value less costs to sell. </font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm 0cm 3.0pt 0cm;">

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;padding:0cm;"><a name="XBRL_TS_3623842382df421288217434f"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">b) Valuation adjustments<a name="XBRL_TS_3623842382df421288217434f_bclEnd"></a></font></b></p>

</div>









<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="XBRL_TS_39e8a6d73ba34c3793b79300f"></a><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Deferred day-1 profit
or loss reserves</font></p>

<p style="margin:0cm;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 summarizes the
changes in deferred day-1 profit or loss reserves during the relevant period. </font></p>

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


</font><p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.5pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Deferred day-1
profit or loss is generally released into </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">Other net income from financial instruments
measured at fair value through profit or loss </font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">when pricing of
equivalent products or the underlying parameters become observable or when the
transaction is closed out.<a name="XBRL_TS_39e8a6d73ba34c3793b79300f_bclEnd"></a></font></p>








<p style="margin:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td colspan=4 width=89% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Deferred day-1 profit or loss
  reserves</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=33% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Reserve balance at the
  beginning of the period</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;146&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;131&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;255&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Profit / (loss) deferred on new transactions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;118&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;48&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(Profit) / loss recognized in the income statement</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(69)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(33)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(126)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign currency translation</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Reserve balance at the end
  of the period</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;194&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;146&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;161&nbsp;</font></p>
  </td>
 </tr>
</table></div>










<p style="margin:0cm;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 bclFooter>

 <p style="border:none;margin:0cm;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="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;">82</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;">&nbsp;</font></p>

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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_88"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;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;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">11&#160; Fair value measurement</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> (continued)</font></b></p>

</div>









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

<p style="margin:0cm;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 valuation of financial
liabilities designated at fair value requires consideration of the own credit
component of fair value. Own credit risk is reflected in the valuation of UBS&#8217;s
fair value option liabilities where this component is considered relevant for
valuation purposes by UBS&#8217;s counterparties and other market participants.
However, own credit risk is not reflected in the valuation of UBS&#8217;s liabilities
that are fully collateralized or for other obligations for which it is
established market practice to not include an own credit component.</font></p>

<p style="margin:0cm;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 description of UBS&#8217;s methodology to
estimate own credit and the related accounting principles is included in &#8220;Note
24 Fair value measurement&#8221; in the &#8220;Consolidated financial statements&#8221; section
of the Annual Report 2019.</font></p>

<p style="margin:0cm;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;">In the first quarter of 2020, other
comprehensive income related to own credit on financial liabilities designated
at fair value was positive USD&nbsp;1,156 million, primarily due to a
significant widening of UBS&#8217;s credit spreads driven by economic effects of the
COVID-19 pandemic.</font></p>








<p style="margin:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=65% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Own credit adjustments on
  financial liabilities designated at fair value</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=65% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=34% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:17.25pt;">
  <td width=65% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:17.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 valign=bottom width=34% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Included in</font></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other comprehensive income</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=65% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=65% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Recognized during the
  period:</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=65% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Realized gain / (loss) </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=65% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Unrealized gain / (loss) </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,156&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(149)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(326)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=65% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total gain / (loss), before
  tax</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,156&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(147)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(326)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=65% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:3.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=65% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 9.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=34% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=65% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=65% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Recognized on the balance
  sheet as of the end of the period:</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=65% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Unrealized life-to-date gain / (loss) </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,069&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(88)&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Credit, funding,
debit and other valuation adjustments</font></p>

<p style="margin:0cm;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;">A description of UBS&#8217;s methodology for
estimating credit valuation adjustments (CVAs), funding valuation adjustments
(FVAs), debit valuation adjustments (DVAs) and other valuation adjustments is
included in &#8220;Note 24 Fair value measurement&#8221; in the &#8220;Consolidated financial
statements&#8221; section of the Annual Report 2019. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.5pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">In the first
quarter of 2020, life-to-date losses for CVAs and FVAs increased due to higher
credit and funding spreads as a result of the adverse economic developments and
the sharp decline in market valuations driven by the COVID-19 pandemic. Other
valuation adjustments for liquidity and model uncertainty also increased due to
higher volatility risk as a result of market uncertainty. </font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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 title="Print_Area" 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Valuation adjustments on
  financial instruments</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of</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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Life-to-date gain / (loss),
  USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit valuation adjustments<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(92)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(48)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Funding valuation
  adjustments<sup>2</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(378)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(93)&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Debit valuation adjustments</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other valuation adjustments</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(879)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(566)&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:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: liquidity</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(536)&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(300)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: model uncertainty</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(343)&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(266)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=4 valign=top width=100% style="border:none;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Amounts do not include reserves against defaulted
  counterparties.&#160;&#160;&#160; 2 Includes FVAs on structured financing transactions of
  USD&nbsp;194 million as of 31&nbsp;March 2020 and USD&nbsp;43 million as of
  31&nbsp;December 2019.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_c89a03f9b8dd458c98ea78120"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;padding:0cm;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">c) Transfers between Level 1 and Level
2<a name="XBRL_TS_c89a03f9b8dd458c98ea78120_bclEnd"></a></font></b></p>

</div>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_9caed236ea9e4f77977ca631d"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The amounts disclosed in this section reflect transfers between
Level 1 and Level 2 for instruments that were held for the entire reporting
period.</font></p>

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


</font><p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><a name="XBRL_CS_5f56927cd5fd44ad9e05b3bb1"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Assets
<a name="XBRL_CS_5f56927cd5fd44ad9e05b3bb1_bclEnd"></a><a name="XBRL_TS_9caed236ea9e4f77977ca631d_bclEnd"></a>and
liabilities transferred from Level 2 to Level 1 during the first quarter of 2020,
or from Level 1 to Level 2 during the first quarter of 2020, were not material.</font></p>

<p style="margin:0cm;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:0cm;margin-bottom:.0001pt;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:4.0pt;">&nbsp;</font></p>


<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">83</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_89"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;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;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">11&#160; Fair value measurement</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> (continued)</font></b></p>

</div>









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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;padding:0cm;"><a name="XBRL_TS_f33dcdba5f4346f083db0edd1"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">d) Level 3 instruments: valuation techniques and inputs<a name="XBRL_TS_f33dcdba5f4346f083db0edd1_bclEnd"></a></font></b></p>

</div>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_acc6ee9f57654cfca46c573bc"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">The table below presents significant
Level 3 assets and liabilities together with the valuation techniques used to
measure fair value, the significant inputs used in the valuation technique that
are considered unobservable and a range of values for those unobservable
inputs.</font></p>

<p style="margin:0cm;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;letter-spacing:-.1pt;line-height:11.5pt;">The range of
values represents the highest- and lowest-level input used in the valuation
techniques. Therefore, the range does not reflect the level of uncertainty
regarding a particular input, but rather the different underlying
characteristics of the relevant assets and liabilities. The ranges will
therefore vary from period to period and parameter to parameter based on
characteristics of the instruments held at each balance sheet date. Furthermore,
the ranges and weighted averages of unobservable inputs may differ across other
financial institutions due to the diversity of the products in each firm&#8217;s
inventory.</font></p>

<p style="margin:0cm;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 significant unobservable inputs disclosed
in the table below are consistent with those included in &#8220;Note 24 Fair value
measurement&#8221; in the &#8220;Consolidated financial statements&#8221; section of the Annual
Report 2019. A description of the potential effect that a change in each
unobservable input in isolation may have on a fair value measurement, including
information to facilitate an understanding of factors that give rise to the
input ranges shown, is also provided in &#8220;Note 24 Fair value measurement&#8221; in the
&#8220;Consolidated financial statements&#8221; section of the Annual Report 2019.<a name="XBRL_TS_acc6ee9f57654cfca46c573bc_bclEnd"></a></font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:7.0pt;">&nbsp;</font></p>

<p style="margin:0cm;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>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:10.5pt;">
  <td colspan=18 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Valuation techniques and inputs
  used in the fair value measurement of Level 3 assets and liabilities</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=13% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=25% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Fair value</font></b></p>
  </td>
 <td width=1% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=3 valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Significant unobservable
  input(s)<sup>1</sup></font></b></p>
  </td>
 <td colspan=8 width=37% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Range of inputs</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=13% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Assets</font></b></p>
  </td>
 <td width=1% style="border:none;border-top:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=12% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Liabilities</font></b></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Valuation technique(s)</font></b></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=16% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=1% style="border:none;border-top:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=15% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=5% style="border:none;border-top:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td valign=bottom width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></i></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">low</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">high</font></b></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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">weighted average<sup>2</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">low</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">high</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:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">weighted average<sup>2</sup></font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">unit<sup>1</sup></font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=18 width=100% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets and
  liabilities at fair value held for trading and Financial assets at fair value
  not held for trading</font></b></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Corporate and municipal
  bonds</font></i></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Relative value to market comparable</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Bond price equivalent</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;143&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;94&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;143&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;101&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">points</font></p>
  </td>
 </tr>
<tr style="height:21.0pt;">
  <td valign=bottom width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Traded loans, loans
  designated at fair value, loan commitments and guarantees</font></i></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.6&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.4&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Relative value to market comparable</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loan price equivalent</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;100&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;99&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;101&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;99&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:21.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">points</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Discounted expected cash flows</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit spread</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;250&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,000&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;225&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;530&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">basis points</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Market comparable and securitization model</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Discount margin</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">%</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Auction rate securities</font></i></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.4&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.5&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Relative value to market comparable</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Bond price equivalent</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;79&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;91&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;80&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;79&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;98&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;88&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">points</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment fund units<sup>3</sup></font></i></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Relative value to market comparable</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net asset value</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity instruments<sup>3</sup></font></i></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.6&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.7&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Relative value to market comparable</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Price</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Debt issued designated at
  fair value<sup>4</sup></font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other financial liabilities
  designated at fair value</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Discounted expected cash flows</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Funding spread</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;45&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;175&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;44&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;175&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">basis points</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=18 width=100% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivative financial
  instruments</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td valign=bottom width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest rate contracts</font></i></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.4&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.3&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.9&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Option model</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Volatility of interest rates</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;42&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;90&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;63&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">basis points</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit derivative contracts</font></i></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.7&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.4&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.1&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Discounted expected cash flows</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit spreads </font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(10)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;688&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;700&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">basis points</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Bond price equivalent</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;100&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=4% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;100&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">points</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td valign=bottom width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity / index contracts</font></i></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.3&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.6&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.6&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.3&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Option model</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity dividend yields</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">%</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Volatility of equity stocks, equity and other indices</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;130&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;105&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">%</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity-to-FX correlation</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(45)&nbsp;</font></b></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;71&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=4% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(45)&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;71&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">%</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td valign=bottom width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity-to-equity correlation</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(17)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;99&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(17)&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;98&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border:none;border-bottom:solid #74726F 1.5pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">%</font></p>
  </td>
 </tr>
<tr style="height:18.75pt;">
  <td colspan=18 valign=top width=100% style="border:none;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 The ranges of significant unobservable inputs are represented
  in points, percentages and basis points. Points are a percentage of par
  (e.g., 100 points would be 100% of par).&#160;&#160;&#160; 2 Weighted averages are provided
  for non-derivative financial instruments and were calculated by weighting
  inputs based on the fair values of the respective instruments. Weighted
  averages are not provided for inputs related to derivative contracts as this
  would not be meaningful.&#160;&#160;&#160; 3 The range of inputs is not disclosed as there
  is a dispersion of values given the diverse nature of the investments.&#160;&#160;&#160; 4
  Valuation techniques, significant unobservable inputs and the respective
  input ranges for Debt issued designated at fair value are the same as the
  equivalent derivative instruments presented elsewhere in this table.&#160;&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>






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 <p style="border:none;margin:0cm;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="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;">84</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;">&nbsp;</font></p>

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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_90"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;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;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">11&#160; Fair value measurement</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> (continued)</font></b></p>

</div>









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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;padding:0cm;"><a name="XBRL_TS_37cd83cde58445a5b281e435b"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">e) Level 3 instruments: sensitivity to changes in unobservable input
assumptions<a name="XBRL_TS_37cd83cde58445a5b281e435b_bclEnd"></a></font></b></p>

</div>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_a2ccfd285ad742ac96d3e2054"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The table below summarizes those financial assets and liabilities
classified as Level 3 for which a change in one or more of the unobservable
inputs to reflect reasonably possible alternative assumptions would change fair
value significantly, and the estimated effect thereof.</font></p>

<p style="margin:0cm;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 table shown presents the favorable and
unfavorable effects for each class of financial assets and liabilities for
which the potential change in fair value is considered significant. The
sensitivity of fair value measurements for debt issued designated at fair value
and over-the-counter debt instruments designated at fair value is reported with
the equivalent derivative or structured financing instrument within the table
below.</font></p>

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


</font><p style="margin:0cm;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 sensitivity data shown below presents an
estimation of valuation uncertainty based on reasonably possible alternative
values for Level 3 inputs at the balance sheet date and does not represent the
estimated effect of stress scenarios. Typically, these financial assets and
liabilities are sensitive to a combination of inputs from Levels 1&#8211;3. Although
well-defined interdependencies may exist between Levels 1&#8211;2 and Level 3
parameters (e.g., between interest rates, which are generally Level 1 or Level
2, and prepayments, which are generally Level 3), these have not been
incorporated in the table. Furthermore, direct interrelationships between the
Level 3 parameters are not a significant element of the valuation uncertainty.<a name="XBRL_TS_a2ccfd285ad742ac96d3e2054_bclEnd"></a></font></p>








<p style="margin:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td colspan=4 width=78% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Sensitivity of fair value
  measurements to changes in unobservable input assumptions</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=55% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=21% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td valign=bottom width=55% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Favorable</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">changes</font></b></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:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Unfavorable</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">changes</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Favorable</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">changes</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:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Unfavorable</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">changes</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Traded loans, loans designated at fair value, loan commitments
  and guarantees</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;165&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(209)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(21)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Securities financing transactions</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(33)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Auction rate securities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;105&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(105)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;87&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(87)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset-backed securities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;42&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(51)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(40)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;150&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(82)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;140&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(80)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest rate derivative contracts, net</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(20)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(17)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit derivative contracts, net</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(38)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(35)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign exchange derivative contracts, net</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(8)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=55% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity / index derivative contracts, net</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;362&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(429)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;183&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(197)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=55% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(50)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(51)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=55% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;972&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1,028)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;600&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(547)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_8726206985f44854bfee6967d"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;padding:0cm;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">f) Level 3 instruments: movements
during the period<a name="XBRL_TS_8726206985f44854bfee6967d_bclEnd"></a></font></b></p>

</div>









<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="XBRL_TS_85d4f8ac4bf54bc789fff6e05"></a><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Significant changes
in Level 3 instruments</font></p>

<p style="margin:0cm;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 on the following pages
presents additional information about significant Level 3 assets and
liabilities measured at fair value on a recurring basis. Level 3 assets and
liabilities may be hedged with instruments classified as Level 1 or Level 2 in
the fair value hierarchy and, as a result, realized and unrealized gains and
losses included in the table may not comprise the effect of related hedging
activity. Furthermore, the realized and unrealized gains and losses presented
within the table are not limited solely to those arising from Level 3 inputs,
as valuations are generally derived from both observable and unobservable
parameters.</font></p>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_85d4f8ac4bf54bc789fff6e05_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>









<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">85</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_91"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;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;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">11&#160; Fair value measurement</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> (continued)</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 colspan=2 width=29% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Movements of Level 3
  instruments<sup>1</sup></font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:18.0pt;">
  <td width=20% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total gains / losses included in comprehensive income</font></p>
  </td>
 <td width=8% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:44.25pt;">
  <td valign=bottom width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></i></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">as of </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31&nbsp;December 2018</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net gains / losses included in income<sup>2</sup></font></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:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: related to Level&nbsp;3 instruments held at the end of
  the reporting period</font></i></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Purchases</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Sales</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Issuances</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Settlements</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Transfers </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">into </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 3</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Transfers </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">out of </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 3</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign currency translation</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">as of </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31&nbsp;March</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2019</font></b></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td width=20% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td valign=bottom width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets at fair
  value held for trading</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.9)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.2)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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<tr style="height:6.0pt;">
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 <td width=9% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=8% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=6% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=8% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
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 </tr>
<tr style="height:19.5pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></i></b></p>
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 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
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 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.4&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
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 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
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<tr style="height:9.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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<tr style="height:9.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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<tr style="height:9.0pt;">
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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<tr style="height:9.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.2&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td width=20% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td valign=bottom width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial assets at fair
  value not held for trading</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.2&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.4)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.9)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.8&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.4&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.3)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.9)&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.1&nbsp;</font></i></p>
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 </tr>
<tr style="height:9.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.7&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.6&nbsp;</font></i></p>
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 </tr>
<tr style="height:9.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></i></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td width=20% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 </tr>
<tr style="height:27.0pt;">
  <td valign=bottom width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:27.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:27.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:27.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
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 </tr>
<tr style="height:6.0pt;">
  <td width=20% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=9% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=8% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=8% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=7% style="border:none;height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
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 </tr>
<tr style="height:19.5pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.2&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></b></p>
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 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
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 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.3&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.3)&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
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 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.2)&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.1&nbsp;</font></b></p>
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 </tr>
<tr style="height:9.0pt;">
  <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which:</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 11.0pt;">
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  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.2&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.2&nbsp;</font></i></p>
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<tr style="height:9.0pt;">
  <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity / index contracts</font></i></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.4&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></p>
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 </tr>
<tr style="height:9.0pt;">
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  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit derivative contracts</font></i></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.1)&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.6&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=20% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td width=20% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:18.75pt;">
  <td valign=bottom width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Debt issued designated at
  fair value</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.4&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.0)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.0)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td width=20% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td width=20% style="border:none;border-bottom:solid #74726F 1.5pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other financial liabilities designated
  at fair value</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(0.5)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td colspan=12 valign=top width=100% style="border:none;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 In the first quarter of 2020, UBS has enhanced its disclosure
  of Level 3 movements by excluding from the table the impacts of instruments
  purchased during the period and sold prior to the end of the period.
  Prior-period comparatives have been restated accordingly.&#160;&#160;&#160; 2 Net gains /
  losses included in comprehensive income are comprised of Net interest income,
  Other net income from financial instruments measured at fair value through
  profit or loss and Other income.&#160;&#160;&#160; 3 Total Level 3 assets as of 31 March 2020
  were USD 8.4 billion (31&nbsp;December 2019: USD 7.2 billion). Total Level 3
  liabilities as of 31 March 2020 were USD 12.3 billion (31&nbsp;December 2019:
  USD 12.8 billion).&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;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 style="margin:0cm;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;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">11&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160;</font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Fair value measurement</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> (continued)</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=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:18.0pt;">
  <td width=11% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=16% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total gains / losses included in comprehensive income</font></p>
  </td>
 <td width=9% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:44.25pt;">
  <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">as of</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31&nbsp;December</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2019<sup>3</sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net gains / losses included in income<sup>2</sup></font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: related to Level&nbsp;3 instruments held at the end of
  the reporting period</font></i></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Purchases</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Sales</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Issuances</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Settlements</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Transfers </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">into </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 3</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Transfers </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">out of </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Level 3</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">currency </font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">translation</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:44.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">as of </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31&nbsp;March</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2020<sup>3</sup></font></b></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td width=11% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:6.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.0&nbsp;</font></i></p>
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 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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<tr style="height:9.0pt;">
  <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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  <td valign=bottom width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
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 <td width=10% style="border:none;height:5.25pt;padding:0cm 0cm 0cm 0cm;">
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 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
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<p style="margin:0cm;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;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">11&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160;</font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Fair value measurement</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> (continued)</font></b></p>

</div>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_759361115d7a4f2c876c2f0be"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Assets and liabilities transferred into or out of Level 3 are
presented as if those assets or liabilities had been transferred at the
beginning of the year. </font></p>

<p style="margin:0cm;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;">Assets transferred into and out of Level 3 in
the first three months of 2020 totaled USD&nbsp;0.3 billion and USD&nbsp;0.1
billion, respectively.&nbsp;<a name="XBRL_CS_a808bcad5605456a9f3b1cb41"></a>Transfers
into Level 3 mainly consisted of corporate and municipal bonds, reflecting </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">decreased observability of the relevant valuation
inputs.<a name="XBRL_CS_a808bcad5605456a9f3b1cb41_bclEnd"></a> </font></p>

<p style="margin:0cm;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;">Liabilities transferred into and out of Level
3 in the first three months of 2020 totaled USD&nbsp;1.0 billion and USD&nbsp;0.9
billion, respectively. <a name="XBRL_CS_739ca598338a4b7bac56a0aa9"></a><a name="XBRL_CS_8fe17aa8742b493bb8b93b9e7"></a>Transfers into Level 3 mainly
consisted of credit and interest rate derivative contracts due to decreased
observability of the relevant valuation inputs. Transfers out of Level 3 mainly
consisted of debt issued designated at fair value, primarily equity-linked
issued debt instruments, due to increased observability of the embedded
derivative inputs.<a name="XBRL_CS_739ca598338a4b7bac56a0aa9_bclEnd"></a><a name="XBRL_CS_8fe17aa8742b493bb8b93b9e7_bclEnd"></a><a name="XBRL_TS_759361115d7a4f2c876c2f0be_bclEnd"></a></font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_300b9a0588a94900977d0e424"></a><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:0cm 0cm 3.0pt 0cm;">

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;padding:0cm;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">g) Financial instruments not
measured at fair value<a name="XBRL_TS_300b9a0588a94900977d0e424_bclEnd"></a></font></b></p>

</div>


<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_af02c25c45224b90ae6e3fb67"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The table below reflects the estimated fair values of financial
instruments not measured at fair value.<a name="XBRL_TS_af02c25c45224b90ae6e3fb67_bclEnd"></a></font></p>








<p style="margin:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td colspan=7 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial instruments not
  measured at fair value</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></i></p>
  </td>
 <td width=1% style="height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Carrying amount</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:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Fair value</font></b></p>
  </td>
 <td width=1% style="height:15.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Carrying amount</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:15.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Fair value</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Assets</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash and balances at central banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;139.3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;139.3&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;107.1&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;107.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans and advances to banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17.0&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17.0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89.6&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;89.7&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;84.2&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;84.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash collateral receivables on derivative instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39.5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39.5&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23.3&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans and advances to customers</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;337.6&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;339.4&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;326.8&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;329.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other financial assets measured at amortized cost</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23.8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;24.5&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Liabilities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Amounts due to banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.8&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.8&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.6&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.9&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.9&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.8&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash collateral payables on derivative instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;45.6&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;45.6&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31.4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Customer deposits</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;465.9&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;466.1&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;448.3&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;448.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Debt issued measured at amortized cost</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;115.4&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;113.0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;110.5&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;113.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other financial liabilities measured at amortized cost<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.1&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6.1&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.8&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Excludes lease liabilities. </font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_7fb14a641aab48598c5332f1a"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The fair values included in the table above have been calculated for
disclosure purposes only. The fair value valuation techniques and assumptions
relate only to the fair value of UBS&#8217;s financial instruments not measured at
fair value. Other institutions may use different methods and assumptions for
their fair value estimation, and therefore such fair value disclosures cannot
necessarily be compared from one financial institution to another. <a name="XBRL_TS_7fb14a641aab48598c5332f1a_bclEnd"></a></font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:6.0pt;">&#160;&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Derivative_instr"></a><a name="XBRL_TS_5c5b8892e94c4855af71870ea"></a></p>
<DIV bclFooter>

 <p style="border:none;margin:0cm;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="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;">88</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_94"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;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>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=NO-BOK style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=NO-BOK style="font-size:9.0pt;line-height:11.5pt;">12&#160; </font></b><b><font face="Frutiger 45 Light,sans-serif" lang=NO-BOK style="font-size:9.0pt;line-height:11.5pt;">Derivative
instruments<a name="Derivative_instr_bclEnd"></a><a name="XBRL_TS_5c5b8892e94c4855af71870ea_bclEnd"></a></font></b></p>

</div>









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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_7138d56f162d460c83b3ab998"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=NO-BOK style="font-size:9.0pt;line-height:11.5pt;">a) Derivative
instruments<a name="XBRL_TS_7138d56f162d460c83b3ab998_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:29.25pt;">
  <td valign=bottom width=38% style="border:none;border-bottom:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of 31.3.20, USD billion</font></i></p>
  </td>
 <td valign=bottom width=2% style="border:none;border-bottom:solid #74726F 1.0pt;height:29.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivative</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">financial</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">assets</font></b></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Notional values</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">related to derivative</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">financial assets<sup>3</sup></font></b></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivative</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">financial</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">liabilities</font></b></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Notional values</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">related to derivative</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">financial liabilities<sup>3</sup></font></b></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:29.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">notional</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">values<sup>4</sup></font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivative financial
  instruments<sup>1,2</sup></font></b></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest rate contracts</font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;55.8&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;971&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;50.7&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;924&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,095&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit derivative contracts</font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.2&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;81&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.9&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;68&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign exchange contracts</font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;94.7&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,413&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;93.2&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,221&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity / index contracts</font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;55.3&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;422&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;55.5&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;487&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;111&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Commodity contracts</font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.9&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;73&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.4&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;70&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Unsettled purchases of non-derivative financial instruments<sup>5</sup></font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.4&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;38&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.4&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Unsettled sales of non-derivative financial instruments<sup>5</sup></font></p>
  </td>
 <td width=2% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 6.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.5&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total derivative financial
  instruments, based on IFRS netting<sup>6</sup></font></b></p>
  </td>
 <td width=2% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;213.0&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,037&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;206.6&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,807&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,219&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Further netting potential not recognized on the balance sheet<sup>7</sup></font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(193.2)&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(186.6)&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: netting of
  recognized financial liabilities / assets</font></i></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(160.7)&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(160.7)&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: netting with
  collateral received / pledged</font></i></p>
  </td>
 <td width=2% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(32.5)&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(25.9)&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td width=38% style="border:none;border-bottom:solid #74726F 1.5pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total derivative financial
  instruments, after consideration of further netting potential</font></b></p>
  </td>
 <td width=2% style="border:none;border-bottom:solid #74726F 1.5pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:15.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:15.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=38% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=2% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=38% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of 31.12.19, USD billion</font></i></p>
  </td>
 <td valign=bottom width=2% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Derivative financial
  instruments<sup>1,2</sup></font></b></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Interest rate contracts</font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;42.6&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,007&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36.6&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;961&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11,999&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit derivative contracts</font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2.0&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;70&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.0&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;70&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign exchange contracts</font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;52.5&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,173&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;54.0&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,994&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity / index contracts</font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22.8&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;420&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;25.5&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;534&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;122&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Commodity contracts</font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.8&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;56&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.7&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;60&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Unsettled purchases of non-derivative financial instruments<sup>5</sup></font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Unsettled sales of non-derivative financial instruments<sup>5</sup></font></p>
  </td>
 <td width=2% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 6.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.1&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total derivative financial
  instruments, based on IFRS netting<sup>6</sup></font></b></p>
  </td>
 <td width=2% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;121.8&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,759&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;120.9&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,635&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,135&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Further netting potential not recognized on the balance sheet<sup>7</sup></font></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(110.7)&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(106.1)&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: netting of
  recognized financial liabilities / assets</font></i></p>
  </td>
 <td width=2% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(89.3)&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(89.3)&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=38% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: netting with
  collateral received / pledged</font></i></p>
  </td>
 <td width=2% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(21.4)&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16.8)&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td width=38% style="border:none;border-bottom:solid #74726F 1.5pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total derivative financial
  instruments, after consideration of further netting potential</font></b></p>
  </td>
 <td width=2% style="border:none;border-bottom:solid #74726F 1.5pt;height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:86.25pt;">
  <td colspan=7 valign=top width=100% style="height:86.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Derivative financial liabilities as of 31&nbsp;March&nbsp;2020
  include USD 43 million related to derivative loan commitments
  (31&nbsp;December&nbsp;2019: USD 17 million). No notional amounts related to
  these commitments are included in this table, but they are disclosed in Note
  17 under Loan commitments.&#160;&#160;&#160; 2 Includes certain forward starting repurchase
  and reverse repurchase agreements that are classified as measured at fair
  value through profit or loss and are recognized within derivative
  instruments. The fair value of these derivative instruments was not material
  as of 31&nbsp;March&nbsp;2020 or 31&nbsp;December&nbsp;2019. No notional
  amounts related to these instruments are included in this table, but they are
  disclosed within Note 17 under Forward starting transactions.&#160;&#160;&#160; 3 In cases
  where derivative financial instruments are presented on a net basis on the
  balance sheet, the respective notional values of the netted derivative
  financial instruments are still presented on a gross basis.&#160;&#160;&#160; 4 Other
  notional values relate to derivatives that are cleared through either a
  central counterparty or an exchange. The fair value of these derivatives is
  presented on the balance sheet net of the corresponding cash margin under
  Cash collateral receivables on derivative instruments and Cash collateral payables
  on derivative instruments and was not material for all periods presented.&#160;&#160;&#160;
  5 Changes in the fair value of purchased and sold non-derivative financial
  instruments between trade date and settlement date are recognized as
  derivative financial instruments.&#160;&#160;&#160; 6 Financial assets and liabilities are
  presented net on the balance sheet if UBS has the unconditional and legally
  enforceable right to offset the recognized amounts, both in the normal course
  of&nbsp;business and in the event of default, bankruptcy or insolvency of the
  entity and all of the counterparties, and intends either to settle on a net
  basis or to realize the asset and settle the liability simultaneously.&#160;&#160;&#160;
  7&nbsp;Reflects the netting potential in accordance with enforceable master
  netting and similar arrangements where not all criteria for a net
  presentation on the balance sheet have been met. Refer to &#8220;Note 25 Offsetting
  financial assets and financial liabilities&#8221; in the &#8220;Consolidated financial
  statements&#8221; section of the Annual Report 2019 for more information.&#160;&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;padding:0cm;"><a name="XBRL_TS_a2177f1ebf03440dacae8490c"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">b) Cash collateral on derivative instruments<a name="XBRL_TS_a2177f1ebf03440dacae8490c_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:16.5pt;">
  <td valign=bottom width=64% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD billion</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Receivables</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Payables</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Receivables</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Payables</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=64% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash collateral on derivative instruments, based on IFRS netting<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;39.5&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;45.6&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23.3&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=64% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Further netting potential not recognized on the balance sheet<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(21.7)&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(24.2)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(14.4)&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(18.1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=64% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: netting of
  recognized financial liabilities / assets</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(19.6)&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(21.8)&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(13.3)&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(16.5)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=64% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: netting with
  collateral received / pledged</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2.1)&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2.4)&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.1)&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1.7)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=64% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cash collateral on
  derivative instruments, after consideration of further netting potential</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17.9&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21.5&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.9&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Financial assets and liabilities are presented net on the
  balance sheet if UBS has the unconditional and legally enforceable right to
  offset the recognized amounts, both in the normal course of business and in
  the event of default, bankruptcy or insolvency of UBS or its counterparties,
  and intends either to settle on a net basis or to realize the asset and
  settle the liability simultaneously.&#160;&#160;&#160; 2 Reflects the netting potential in
  accordance with enforceable master netting and similar arrangements where not
  all criteria for a net presentation on the balance sheet have been met. Refer
  to &#8220;Note 25 Offsetting financial assets and financial liabilities&#8221; in the
  &#8220;Consolidated financial statements&#8221; section of the Annual Report 2019 for
  more information.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Other_Assets"></a></p>
<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">89</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_95"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;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>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_0feb393d8bdc43e1b778a7fd8"></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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> <a name="Other_Assets_bclEnd"></a>13&#160; </font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Other
assets and liabilities<a name="XBRL_TS_0feb393d8bdc43e1b778a7fd8_bclEnd"></a></font></b></p>

</div>









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

<p style="border:none;margin-bottom:2.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_0cd46221c9394ae8bb069dd37"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">a) Other financial assets measured at amortized cost<a name="XBRL_TS_0cd46221c9394ae8bb069dd37_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Debt securities</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14,118&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14,141&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: government bills /
  bonds </font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,458&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,492&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loans to financial advisors<sup>1</sup></font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,699&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,877&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Fee- and commission-related receivables</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,094&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,521&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Finance lease receivables</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,386&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,444&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Settlement and clearing accounts </font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;893&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;587&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Accrued interest income</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;624&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;742&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,951&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,669&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total other financial assets
  measured at amortized cost</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23,765&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22,980&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=3 valign=top width=100% style="border:none;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Related to financial advisors in the US and Canada.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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:0cm 0cm 3.0pt 0cm;">

<p style="border:none;margin-bottom:2.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_6de377a56a8943de872c6d1d6"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">b) Other non-financial assets<a name="XBRL_TS_6de377a56a8943de872c6d1d6_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Precious metals and other physical commodities </font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,050&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,597&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Bail deposit<sup>1</sup></font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,273&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,293&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Prepaid expenses</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,069&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;927&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">VAT and other tax receivables</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;384&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;493&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Properties and other non-current assets held for sale</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;202&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;199&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other&#160; </font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;657&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;346&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total other non-financial
  assets</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,634&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,856&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=3 valign=top width=100% style="border:none;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Refer to item 1 in Note 16b for more information.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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:0cm 0cm 3.0pt 0cm;">

<p style="border:none;margin-bottom:2.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_4238e729e1734f259a4deb4e1"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">c) Other financial liabilities measured at amortized cost<a name="XBRL_TS_4238e729e1734f259a4deb4e1_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other accrued expenses</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,835&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,928&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Accrued interest expenses</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,065&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,562&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Settlement and clearing accounts</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,844&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,379&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Lease liabilities</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,830&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,943&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,360&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;900&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total other financial
  liabilities measured at amortized cost</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,934&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,712&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=3 valign=top width=100% style="border:none;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;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;">&nbsp;</font></p>


<DIV bclFooter>

 <p style="border:none;margin:0cm;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="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;">90</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;">&nbsp;</font></p>

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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_96"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;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;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> 13&#160; </font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Other assets and liabilities (continued)</font></b></p>

</div>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm 0cm 3.0pt 0cm;">

<p style="border:none;margin-bottom:2.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_ba13d21cc4d946c688347e946"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">d) Other financial liabilities designated at fair value<a name="XBRL_TS_ba13d21cc4d946c688347e946_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial liabilities related to unit-linked investment
  contracts</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;23,150&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;28,145&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Securities financing transactions</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,992&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,742&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Over-the-counter debt instruments</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,297&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,022&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;96&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total other financial
  liabilities designated at fair value</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31,536&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,940&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: life-to-date own
  credit (gain) / loss</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(217)&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></i></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm 0cm 3.0pt 0cm;">

<p style="border:none;margin-bottom:2.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_273681d91ae24013bad690853"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">e) Other non-financial liabilities<a name="XBRL_TS_273681d91ae24013bad690853_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Compensation-related liabilities</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,514&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,812&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Deferred
  Contingent Capital Plan</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,464&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,855&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: financial advisor
  compensation plans</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,189&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,463&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: other compensation
  plans</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;648&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,310&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net defined
  benefit pension and post-employment liabilities</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;629&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;633&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: other compensation-related
  liabilities<sup>1</sup></font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;585&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;552&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Deferred tax liabilities</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;800&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;311&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Current tax liabilities</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;705&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;852&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">VAT and other tax payables</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;575&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;475&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Deferred income</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;219&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;141&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;245&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;202&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total other non-financial
  liabilities </font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,059&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,794&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=3 valign=top width=100% style="border:none;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Includes liabilities for payroll taxes and untaken vacation.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Fin_liab_FV"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_08e6a4459d82495094fbf9491"></a><a name="Fin_liab_FV_bclEnd"></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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> 14&#160; </font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Debt issued designated at
fair value<a name="XBRL_TS_08e6a4459d82495094fbf9491_bclEnd"></a></font></b></p>

</div>









<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Issued debt instruments</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity-linked<sup>1</sup></font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32,927&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41,722&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Rates-linked</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12,898&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,318&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Credit-linked</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,682&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,916&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Fixed-rate</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,797&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,636&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Commodity-linked</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,249&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,567&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;746&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;649&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: debt that
  contributes to total loss-absorbing capacity</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;259&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;217&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total debt issued designated
  at fair value</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,299&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;66,809&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: life-to-date own
  credit (gain) / loss</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(852)&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;92&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=3 valign=top width=100% style="border:none;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Includes investment fund unit-linked instruments issued.&#160;&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Debt_amort_cost"></a></p>
<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">91</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_97"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><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:0cm 0cm 3.0pt 0cm;">

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_cc0312bfaae54953a4c4e20fa"></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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> <a name="Debt_amort_cost_bclEnd"></a>15&#160; </font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Debt
issued measured at amortized cost<a name="XBRL_TS_cc0312bfaae54953a4c4e20fa_bclEnd"></a></font></b></p>

</div>









<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Certificates of deposit</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9,246&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,190&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Commercial paper</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15,453&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;14,413&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other short-term debt</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,468&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,235&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Short-term debt<sup>1</sup></font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27,167&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21,837&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Senior unsecured debt that contributes to total loss-absorbing
  capacity (TLAC)</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33,895&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30,105&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Senior unsecured debt other than TLAC</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;22,282&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;25,569&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Covered bonds</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,570&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,633&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Subordinated debt</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20,917&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21,775&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: high-trigger
  loss-absorbing additional tier 1 capital instruments</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10,902&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11,931&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: low-trigger
  loss-absorbing additional tier 1 capital instruments</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,464&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,414&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: low-trigger
  loss-absorbing tier 2 capital instruments</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,017&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,892&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: non-Basel
  III-compliant tier 2 capital instruments</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;534&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;540&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Debt issued through the Swiss central mortgage institutions</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,597&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,574&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other long-term debt</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Long-term debt<sup>2</sup></font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;88,265&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;88,660&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=80% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total debt issued measured
  at amortized cost<sup>3</sup></font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;115,432&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;110,497&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td colspan=3 valign=top width=100% style="border:none;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Debt with an original contractual maturity of less than one
  year.&#160;&#160;&#160; 2 Debt with an original maturity greater than or equal to one year.
  The classification of debt issued into short-term and long-term does not
  consider any early redemption features.&#160;&#160;&#160; 3 Net of bifurcated embedded
  derivatives, the fair value of which was not material for the periods
  presented.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Prov_Contingent_Liab_Group_AG_EN"></a></p>
<DIV bclFooter>

 <p style="border:none;margin:0cm;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="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;">92</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_98"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

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

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_6b4d6eb66c404b8d8b1ca12fa"></a><a name="Prov_Contingent_Liab_Group_AG_EN_bclEnd"></a><b><font face="Frutiger 45 Light,sans-serif" lang=FR-CH style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=FR-CH style="font-size:9.0pt;line-height:11.5pt;">16&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=FR-CH style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=FR-CH style="font-size:9.0pt;line-height:11.5pt;">Provisions and contingent liabilities<a name="XBRL_TS_6b4d6eb66c404b8d8b1ca12fa_bclEnd"></a></font></b></p>

</div>









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

<p style="border:none;margin-bottom:8.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_9a6c2adf71cb476f8f63c8e87"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">a) <a name=Provisions></a>Provisions<a name="Provisions_bclEnd"></a><a name="XBRL_TS_9a6c2adf71cb476f8f63c8e87_bclEnd"></a></font></b></p>

</div>


<p style="margin:0cm;margin-bottom:2.0pt;text-align:justify;"><a name="XBRL_TS_2c24438b85b34a50a8b079499"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The table below
presents an overview of total provisions.<a name="XBRL_TS_2c24438b85b34a50a8b079499_bclEnd"></a></font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:8.25pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=79% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Provisions other than provisions for expected credit losses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,404&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,861&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Provisions for expected credit losses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;162&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;114&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=79% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total provisions</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,566&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,974&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td colspan=4 valign=top width=100% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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:0cm;margin-bottom:2.0pt;text-align:justify;"><a name="XBRL_TS_7139fb594b8645aa9d7e05116"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The following table
presents additional information for provisions other than provisions for
expected credit losses.<a name="XBRL_TS_7139fb594b8645aa9d7e05116_bclEnd"></a></font></p>

<p style="margin:0cm;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>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:24.75pt;">
  <td valign=bottom width=33% style="border:none;border-bottom:solid #74726F 1.0pt;height:24.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:24.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operational risks<sup>1</sup></font></b></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:24.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Litigation, regulatory and similar matters<sup>2</sup></font></b></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:24.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Restructuring</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:24.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Real estate</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:24.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Employee benefits<sup>5</sup></font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:24.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:24.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=33% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance as of 31 December
  2019</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;44&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,475&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;106&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;100&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;70&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;66&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,861&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Increase in provisions recognized in the income statement</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;81&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;105&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Release of provisions recognized in the income statement</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(3)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(17)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Provisions used in conformity with designated purpose</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(11)&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(472)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(38)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(527)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Capitalized reinstatement costs</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:7.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=33% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign currency translation / unwind of discount</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(12)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(17)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=33% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance as of 31 March 2020</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,998&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;142<sup>3 </sup></font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;95<sup>4 </sup></font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;67&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;61&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,404&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:30.75pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:30.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Comprises provisions for losses resulting from security risks
  and transaction processing risks.&#160;&#160;&#160; 2 Comprises provisions for losses
  resulting from legal, liability and compliance risks.&#160;&#160;&#160; 3 Primarily consists
  of personnel-related restructuring provisions of USD&nbsp;78 million as of
  31&nbsp;March&nbsp;2020 (31&nbsp;December&nbsp;2019: USD&nbsp;40 million) and
  provisions for onerous contracts of USD&nbsp;59 million as of
  31&nbsp;March&nbsp;2020 (31&nbsp;December&nbsp;2019: USD&nbsp;61 million).&#160;&#160;&#160;
  4 Consists of reinstatement costs for leasehold improvements of USD&nbsp;87
  million as of 31&nbsp;March 2020 (31&nbsp;December&nbsp;2019: USD&nbsp;89
  million) and provisions for onerous contracts of USD&nbsp;8 million as of
  31&nbsp;March 2020 (31&nbsp;December&nbsp;2019: USD&nbsp;11 million).&#160;&#160;&#160;
  5&nbsp;Includes provisions for sabbatical and anniversary awards.&#160;&#160;&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_e5b58efcebeb46dea39409dfc"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Restructuring provisions primarily relate to severance payments and
onerous contracts. <a name="XBRL_CS_0e2408c405634be091078b8a2"></a>Severance-related provisions are used within a short time period,
usually within six months, but potential changes in amount may be triggered
when natural staff attrition reduces the number of people affected by a
restructuring event and therefore the estimated costs. Onerous contracts for
property are recognized when UBS is committed to pay for non-lease components,
such as utilities, service charges, taxes and maintenance, when a property is
vacated or not fully recovered from sub-tenants. <a name="XBRL_CS_0e2408c405634be091078b8a2_bclEnd"></a></font></p>

<p style="margin:0cm;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;">Information about provisions and contingent
liabilities in respect of litigation, regulatory and similar matters, as a
class, is included in Note 16b. There are no material contingent liabilities
associated with the other classes of provisions.</font></p>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_e5b58efcebeb46dea39409dfc_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>


<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">93</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_99"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:2.0pt;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">16&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Provisions and contingent liabilities </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>









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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_722279df4dac4a8a844e3fb3d"></a><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">b) Litigation,
regulatory and similar matters<a name="XBRL_TS_722279df4dac4a8a844e3fb3d_bclEnd"></a></font></b></p>

</div>









<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><a name="XBRL_TS_65367d1835464cce9f0c0bf78"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The Group operates in
a legal and regulatory environment that exposes it to significant litigation
and similar risks arising from disputes and regulatory proceedings. As a
result, UBS (which for purposes of this Note may refer to UBS Group AG and/or
one or more of its subsidiaries, as applicable) is involved in various disputes
and legal proceedings, including litigation, arbitration, and regulatory and
criminal investigations.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><a name="XBRL_CS_45956e574d144f7693cbdcffe"></a><a name="XBRL_CS_202796814bb74ef58dd44ffd8"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Such matters are
subject to many uncertainties, and the outcome and the timing of resolution are
often difficult to predict, particularly in the earlier stages of a case. There
are also situations where the Group may enter into a settlement agreement. This
may occur in order to avoid the expense, management distraction or reputational
implications of continuing to contest liability, even for those matters for
which the Group believes it should be exonerated. The uncertainties inherent in
all such matters affect the amount and timing of any potential outflows for
both matters with respect to which provisions have been established and other
contingent liabilities. The Group makes provisions for such matters brought
against it when, in the opinion of management after seeking legal advice, it is
more likely than not that the Group has a present legal or constructive
obligation as a result of past events, it is probable that an outflow of
resources will be required, and the amount can be reliably estimated. Where
these factors are otherwise satisfied, a provision may be established for
claims that have not yet been asserted against the Group, but are nevertheless
expected to be, based on the Group&#8217;s experience with similar asserted claims.
If any of those conditions is not met, such matters result in contingent
liabilities. If the amount of an obligation cannot be reliably estimated, a
liability exists that is not recognized even if an outflow of resources is
probable. Accordingly, no provision is established even if the potential
outflow of resources with respect to such matters could be significant.
Developments relating to a matter that occur after the relevant reporting
period, but prior to the issuance of financial statements, which affect
management&#8217;s assessment of the provision for such matter (because, for example,
the developments provide evidence of conditions that existed at the end of the
reporting period), are adjusting events after the reporting period under IAS 10
and must be recognized in the financial statements for the reporting period.<a name="XBRL_CS_202796814bb74ef58dd44ffd8_bclEnd"></a><a name="XBRL_CS_45956e574d144f7693cbdcffe_bclEnd"></a></font></p>

<p style="margin:0cm;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;">Specific litigation, regulatory and other
matters are described below, including all such matters that management
considers to be material and others that management believes to be of
significance due to potential financial, reputational and other effects. The
amount of damages claimed, the size of a transaction or other information is
provided where available and appropriate in order to assist users in
considering the magnitude of potential exposures.<a name="XBRL_TS_65367d1835464cce9f0c0bf78_bclEnd"></a></font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><a name="XBRL_CS_46ac43d7198c48878f71cff65"></a><a name="XBRL_CS_0d2563fe26a64c3db9c1c8c08"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">In the case of
certain matters below, we state that we have established a provision, and for
the other matters, we make no such statement. When we make this statement and
we expect disclosure of the amount of a provision to prejudice seriously our
position with other parties in the matter because it would reveal what UBS
believes to be the probable and reliably estimable outflow, we do not disclose
that amount. In some cases we are subject to confidentiality obligations that
preclude such disclosure. With respect to the matters for which we do not state
whether we have established a provision, either: (a) we have not established a
provision, in which case the matter is treated as a contingent liability under
the applicable accounting standard; or (b) we have established a provision but
expect disclosure of that fact to prejudice seriously our position with other
parties in the matter because it would reveal the fact that UBS believes an
outflow of resources to be probable and reliably estimable.<a name="XBRL_CS_0d2563fe26a64c3db9c1c8c08_bclEnd"></a><a name="XBRL_CS_46ac43d7198c48878f71cff65_bclEnd"></a></font></p>

<p style="margin:0cm;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;">With respect to certain litigation,
regulatory and similar matters for which we have established provisions, we are
able to estimate the expected timing of outflows. However, the aggregate amount
of the expected outflows for those matters for which we are able to estimate
expected timing is immaterial relative to our current and expected levels of
liquidity over the relevant time periods.</font></p>




<p style="margin:0cm;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 bclFooter>

 <p style="border:none;margin:0cm;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="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;">94</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_100"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:2.0pt;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">16&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Provisions and contingent liabilities </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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><a name="XBRL_TS_e8649a5d074345f7a0bedb963"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The
aggregate amount provisioned for litigation, regulatory and similar matters as
a class is disclosed in the &#8220;Provisions&#8221; table in Note 16a above. <a name="XBRL_CS_e597ad27929a48689c4c8ee9e"></a><a name="XBRL_CS_bb710e48881642e4a0a51c125"></a>It is not practicable
to provide an aggregate estimate of liability for our litigation, regulatory
and similar matters as a class of contingent liabilities. Doing so would
require us to provide speculative legal assessments as to claims and
proceedings that involve unique fact patterns or novel legal theories, that
have not yet been initiated or are at early stages of adjudication, or as to
which alleged damages have not been quantified by the claimants. Although we
therefore cannot provide a numerical estimate of the future losses that could
arise from litigation, regulatory and similar matters, we believe that the
aggregate amount of possible future losses from this class that are more than
remote substantially exceeds the level of current provisions. </font></p>

<p style="margin:0cm;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;">Litigation, regulatory and similar matters
may also result in non-monetary penalties and consequences. For example, the
non-prosecution agreement described in item 5 of this Note, which we entered
into with the US Department of Justice (DOJ), Criminal Division, Fraud Section
in connection with our submissions of benchmark interest rates, including,
among others, the British Bankers&#8217; Association London Interbank Offered Rate
(LIBOR), was terminated by the DOJ based on its determination that we had
committed a US crime in relation to foreign exchange matters. As a consequence,
UBS AG pleaded guilty to one count of wire fraud for conduct in the LIBOR
matter, paid a fine and was subject to probation, which ended in January 2020. </font></p>

<p style="margin:0cm;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;">A guilty plea to, or conviction of, a crime
could have material consequences for UBS. Resolution of regulatory proceedings
may require us to obtain waivers of regulatory disqualifications to maintain
certain operations, may entitle regulatory authorities to limit, suspend or
terminate licenses and regulatory authorizations, and may permit financial
market utilities to limit, suspend or terminate our participation in such
utilities. Failure to obtain such waivers, or any limitation, suspension or
termination of licenses, authorizations or participations, could have material
consequences for UBS.<a name="XBRL_CS_bb710e48881642e4a0a51c125_bclEnd"></a><a name="XBRL_CS_e597ad27929a48689c4c8ee9e_bclEnd"></a></font></p>

<p style="margin:0cm;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 risk of loss associated with litigation,
regulatory and similar matters is a component of operational risk for purposes
of determining our capital requirements. Information concerning our capital
requirements and the calculation of operational risk for this purpose is
included in the &#8220;Capital management&#8221; section of this report.<a name="XBRL_TS_e8649a5d074345f7a0bedb963_bclEnd"></a></font></p>








<p style="margin:0cm;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:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td colspan=7 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Provisions for litigation,
  regulatory and similar matters by business division and in Group Functions<sup>1</sup></font></b></p>
  </td>
 </tr>
<tr style="height:36.0pt;">
  <td valign=bottom width=46% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Global Wealth</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Manage-</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">ment</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personal &amp; Corporate Banking</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Asset</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Manage-</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">ment</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Investment Bank</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Group Functions</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=46% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance as of 31 December
  2019</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;782&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;113&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;255&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,325&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,475&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Increase in provisions recognized in the income statement</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Release of provisions recognized in the income statement</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(6)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Provisions used in conformity with designated purpose</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(34)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(44)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(394)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(472)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Reclassifications</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Foreign currency translation / unwind of discount</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(9)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(12)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance as of 31 March 2020</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;747&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;112&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;205&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;934&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,998&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:18.75pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:18.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Provisions, if any, for matters described in this disclosure
  are recorded in Global Wealth Management (item 3 and item 4) and Group
  Functions (item 2). Provisions, if any, for the matters described in items 1
  and 6 of this disclosure are allocated between Global Wealth Management and
  Personal &amp; Corporate Banking, and provisions, if any, for the matters
  described in this disclosure in item 5 are allocated between the Investment
  Bank and Group Functions. </font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:5.0pt;line-height:11.5pt;">&nbsp;</font></p>


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 <p style="border:none;margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:2.0pt;">&nbsp;</font></p>

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<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">16&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Provisions and contingent liabilities </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:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="XBRL_TS_e7df567949ee440aa6d71c9c0"></a><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">1. Inquiries
regarding cross-border wealth management businesses </font></p>

<p style="margin:0cm;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;">Tax and regulatory authorities in a
number of countries have made inquiries, served requests for information or
examined employees located in their respective jurisdictions relating to the cross-border
wealth management services provided by UBS and other financial institutions. It
is possible that the implementation of automatic tax information exchange and
other measures relating to cross-border provision of financial services could
give rise to further inquiries in the future. UBS has received disclosure
orders from the Swiss Federal Tax Administration (FTA) to transfer information
based on requests for international administrative assistance in tax matters.
The requests concern a number of UBS account numbers pertaining to current and
former clients and are based on data from 2006 and 2008. UBS has taken steps to
inform affected clients about the administrative assistance proceedings and
their procedural rights, including the right to appeal. The requests are based
on data received from the German authorities, who seized certain data related
to UBS clients booked in Switzerland during their investigations and have
apparently shared this data with other European countries. UBS expects additional
countries to file similar requests.</font></p>

<p style="margin:0cm;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 Federal Administrative Court ruled
in 2016 that, in the administrative assistance proceedings related to a French
bulk request, UBS has the right to appeal all final FTA client data disclosure
orders. On 30&nbsp;July 2018, the Swiss Federal Administrative Court granted
UBS&#8217;s appeal by holding the French administrative assistance request
inadmissible. The FTA filed a final appeal with the Swiss Federal Supreme
Court. </font><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">On 26&nbsp;July 2019, the Supreme Court reversed
the decision of the Federal Administrative Court. In December 2019, the court released
its written decision. The decision requires the FTA to obtain confirmation from
the French authorities that transmitted data will be used only for the purposes
stated in their request before transmitting any data. The stated purpose of the
original request was to obtain information relating to taxes owed by account
holders. Accordingly, any information transferred to the French authorities must
not be passed to criminal authorities or used in connection with the ongoing
case against UBS discussed in this item.</font></p>

<p style="margin:0cm;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;">Since 2013, UBS (France) S.A., UBS AG and
certain former employees have been under investigation in France for alleged
complicity in unlawful solicitation of clients on French territory, regarding
the laundering of proceeds of tax fraud, and banking and financial solicitation
by unauthorized persons. In connection with this investigation, the
investigating judges ordered UBS AG to provide bail (&#8220;</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">caution</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#8221;) of
EUR&nbsp;1.1 billion and UBS (France) S.A. to post bail of EUR&nbsp;40 million,
which was reduced on appeal to EUR&nbsp;10 million.</font></p>

<p style="margin:0cm;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;">A trial in the court of first instance took
place from 8&nbsp;October 2018 until 15 November 2018. On 20&nbsp;February
2019, the court announced a verdict finding UBS AG guilty of unlawful
solicitation of clients on French territory and aggravated laundering of the
proceeds of tax fraud, and UBS (France) S.A. guilty of aiding and abetting
unlawful solicitation and laundering the proceeds of tax fraud. The court imposed
fines aggregating EUR&nbsp;3.7 billion on UBS AG and UBS (France) S.A. and
awarded EUR&nbsp;800 million of civil damages to the French state. UBS has
appealed the decision. Under French law, the judgment is suspended while the
appeal is pending. UBS has been informed that the trial in the Court of Appeal
that was scheduled for June 2020 has been postponed and a scheduling conference
will be held in early June. The Court of Appeal will retry the case de novo as
to both the law and the facts, and the fines and penalties can be greater than
or less than those imposed by the court of first instance. A subsequent appeal
to the Cour de Cassation, France&#8217;s highest court, is possible with respect to
questions of law.</font></p>

<p style="margin:0cm;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 believes that based on both the law and
the facts the judgment of the court of first instance should be reversed. UBS
believes it followed its obligations under Swiss and French law as well as the
European Savings Tax Directive. Even assuming liability, which it contests, UBS
believes the penalties and damage amounts awarded greatly exceed the amounts
that could be supported by the law and the facts. In particular, UBS believes
the court incorrectly based the penalty on the total regularized assets rather
than on any unpaid taxes on those assets for which a fraud has been
characterized and further incorrectly awarded damages based on costs that were
not proven by the civil party. Notwithstanding that UBS believes it should be
acquitted, our balance sheet at 31&nbsp;March 2020 reflected provisions with
respect to this matter in an amount of EUR&nbsp;450 million (USD&nbsp;505
million at 31&nbsp;March 2020). The wide range of possible outcomes in this
case contributes to a high degree of estimation uncertainty. The provision
reflected on our balance sheet at 31&nbsp;March 2020 reflects our best estimate
of possible financial implications, although it is reasonably possible that
actual penalties and civil damages could exceed the provision amount.</font></p>

<p style="margin:0cm;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;">In 2016, UBS was notified by the Belgian
investigating judge that it is under formal investigation (&#8220;</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">inculp&#233;</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#8221;)
regarding the laundering of proceeds of tax fraud, of banking and financial
solicitation by unauthorized persons, and of serious tax fraud. In 2018, tax
authorities and a prosecutor&#8217;s office in Italy asserted that UBS is potentially
liable for taxes and penalties as a result of its activities in Italy from 2012
to 2017. In June 2019, UBS entered into a settlement agreement with the Italian
tax authorities under which it paid EUR&nbsp;101 million to resolve the claims
asserted by the authority related to UBS AG&#8217;s potential permanent establishment
in Italy. In October 2019, the Judge of Preliminary Investigations of the Milan
Court approved an agreement with the Milan prosecutor under Article 63 of
Italian Administrative Law 231 under which UBS AG, UBS Switzerland AG and UBS
Monaco have paid an aggregate of EUR&nbsp;10.3 million to resolve claims
premised on the alleged inadequacy of historical internal controls. No
admission of wrongdoing was required in connection with this resolution.</font></p>




<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_e7df567949ee440aa6d71c9c0_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:2.0pt;">&nbsp;</font></p>









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 <p style="border:none;margin:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:2.0pt;">&nbsp;</font></p>

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<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">16&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Provisions and contingent liabilities </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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><a name="XBRL_TS_6b86b0645a774dcdb4b9b89e0"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Our
balance sheet at 31&nbsp;March 2020 reflected provisions with respect to
matters described in this item 1 in an amount that UBS believes to be
appropriate under the applicable accounting standard. As in the case of other
matters for which we have established provisions, the future outflow of
resources in respect of such matters cannot be determined with certainty based
on currently available information and accordingly may ultimately prove to be
substantially greater (or may be less) than the provision that we have
recognized.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;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;">2. Claims related to sales of residential mortgage-backed
securities and mortgages</font></p>

<p style="margin:0cm;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;">From 2002 through 2007, prior to the crisis in the US
residential loan market, UBS was a substantial issuer and underwriter of US
residential mortgage-backed securities (RMBS) and was a purchaser and seller of
US residential mortgages. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Lawsuits related to contractual representations and
warranties concerning mortgages and RMBS:</font></i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">
Certain RMBS trusts filed an action in the US District Court for the Southern
District of New York seeking to enforce UBS RESI&#8217;s obligation to repurchase
loans in the collateral pools for three RMBS securitizations issued and
underwritten by UBS In the first quarter of 2020 the court approved the
settlement UBS agreed with the trustee in July 2018 and UBS paid the USD&nbsp;850 million
settlement amount. A significant portion of this amount was borne by other parties
that indemnified UBS. Proceedings to determine how the settlement funds will be
distributed to RMBS holders are ongoing. UBS considers claims relating to
substantially all loan repurchase demands to be resolved and believes that new
demands to repurchase US residential mortgage loans are time-barred under a
decision rendered by the New York Court of Appeals.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Mortgage-related regulatory matters:</font></i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> Since 2014, the US Attorney&#8217;s Office for the Eastern
District of New York has sought information from UBS pursuant to the Financial
Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), related to
UBS&#8217;s RMBS business from 2005 through 2007. On 8&nbsp;November 2018, the DOJ
filed a civil complaint in the District Court for the Eastern District of New
York. The complaint seeks unspecified civil monetary penalties under FIRREA
related to UBS&#8217;s issuance, underwriting and sale of 40 RMBS transactions in
2006 and 2007. UBS moved to dismiss the civil complaint on 6&nbsp;February
2019. On 10&nbsp;December 2019, the district court denied UBS&#8217;s motion to
dismiss. </font></p>

<p style="margin:0cm;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;">Our balance sheet at 31&nbsp;March
2020 reflected a provision with respect to matters described in
this item 2 in an amount that UBS believes to be appropriate under the
applicable accounting standard. As in the case of other matters for which we
have established provisions, the future outflow of resources in respect of this
matter cannot be determined with certainty based on currently available
information and accordingly may ultimately prove to be substantially greater
(or may be less) than the provision that we have recognized.</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;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;">3. Madoff</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">In relation to the
Bernard L. Madoff Investment Securities LLC (BMIS) investment fraud, UBS AG,
UBS (Luxembourg) S.A. (now UBS Europe SE, Luxembourg branch) and certain other
UBS subsidiaries have been subject to inquiries by a number of regulators,
including the Swiss Financial Market Supervisory Authority (FINMA) and the
Luxembourg Commission de Surveillance du Secteur Financier. Those inquiries
concerned two third-party funds established under Luxembourg law, substantially
all assets of which were with BMIS, as well as certain funds established in
offshore jurisdictions with either direct or indirect exposure to BMIS. These
funds faced severe losses, and the Luxembourg funds are in liquidation. The
documentation establishing both funds identifies UBS entities in various roles,
including custodian, administrator, manager, distributor and promoter, and
indicates that UBS employees serve as board members.</font></p>

<p style="margin:0cm;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;">In 2009 and 2010, the liquidators of the two
Luxembourg funds filed claims against UBS entities, non-UBS entities and
certain individuals, including current and former UBS employees, seeking
amounts totaling approximately EUR&nbsp;2.1 billion, which includes amounts
that the funds may be held liable to pay the trustee for the liquidation of
BMIS (BMIS Trustee).<a name="XBRL_TS_6b86b0645a774dcdb4b9b89e0_bclEnd"></a></font></p>

<p style="margin:0cm;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;">A large number of alleged beneficiaries have filed
claims against UBS entities (and non-UBS entities) for purported losses
relating to the Madoff fraud. The majority of these cases have been filed in
Luxembourg, where decisions that the claims in eight test cases were
inadmissible have been affirmed by the Luxembourg Court of Appeal, and the
Luxembourg Supreme Court has dismissed a further appeal in one of the test
cases.</font></p>

<p style="margin:0cm;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;">In the US, the BMIS Trustee filed claims
against UBS entities, among others, in relation to the two Luxembourg funds and
one of the offshore funds. The total amount claimed against all defendants in
these actions was not less than USD&nbsp;2 billion. In 2014, the US Supreme
Court rejected the BMIS Trustee&#8217;s motion for leave to appeal decisions
dismissing all claims except those for the recovery of approximately
USD&nbsp;125 million of payments alleged to be fraudulent conveyances and
preference payments. In 2016, the bankruptcy court dismissed these claims
against the UBS entities. In February 2019, the Court of Appeals reversed the
dismissal of the BMIS Trustee&#8217;s remaining claims. In August 2019, the
defendants, including UBS, filed a petition to the US Supreme Court requesting
that it review the Court of Appeals&#8217; decision. The bankruptcy proceedings have
been stayed pending a decision with respect to the defendants&#8217; petition.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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:0cm;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>









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 <p style="border:none;margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:2.0pt;">&nbsp;</font></p>

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<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">16&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Provisions and contingent liabilities </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>

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<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><a name="XBRL_TS_aae1e637305b45c48953548a1"></a><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">4. Puerto Rico</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Declines since 2013
in the market prices of Puerto Rico municipal bonds and of closed-end funds
(funds) that are sole-managed and co-managed by UBS Trust Company of Puerto
Rico and distributed by UBS Financial Services Incorporated of Puerto Rico (UBS
PR) have led to multiple regulatory inquiries, as well as customer complaints
and arbitrations with aggregate claimed damages of USD&nbsp;3.4 billion, of
which claims with aggregate claimed damages of USD&nbsp;2.5 billion have been
resolved through settlements, arbitration or withdrawal of the claim. The
claims have been filed by clients in Puerto Rico who own the funds or Puerto
Rico municipal bonds and/or who used their UBS account assets as collateral for
UBS non-purpose loans; customer complaint and arbitration allegations include
fraud, misrepresentation and unsuitability of the funds and of the loans.</font></p>

<p style="margin:0cm;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;">A shareholder derivative action was filed in
2014 against various UBS entities and current and certain former directors of
the funds, alleging hundreds of millions of US dollars in losses in the funds.
In 2015, defendants&#8217; motion to dismiss was denied and a request for permission
to appeal that ruling was denied by the Puerto Rico Supreme Court. In 2014, a
federal class action complaint also was filed against various UBS entities,
certain members of UBS PR senior management and the co-manager of certain of
the funds, seeking damages for investor losses in the funds during the period
from May 2008 through May 2014. Following denial of the plaintiffs&#8217; motion for
class certification, the case was dismissed in October 2018.</font></p>

<p style="margin:0cm;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;">In 2014 and 2015, UBS entered into
settlements with the Office of the Commissioner of Financial Institutions for
the Commonwealth of Puerto Rico, the US Securities and Exchange Commission
(SEC) and the Financial Industry Regulatory Authority in relation to their
examinations of UBS&#8217;s operations. </font></p>

<p style="margin:0cm;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;">In 2011, a purported derivative action was
filed on behalf of the Employee Retirement System of the Commonwealth of Puerto
Rico (System) against over 40 defendants, including UBS PR, which was named in
connection with its underwriting and consulting services. Plaintiffs alleged
that defendants violated their purported fiduciary duties and contractual
obligations in connection with the issuance and underwriting of
USD&nbsp;3&nbsp;billion of bonds by the System in 2008 and sought damages of
over USD&nbsp;800 million. In 2016, the court granted the System&#8217;s request to
join the action as a plaintiff, but ordered that plaintiffs must file an
amended complaint. In 2017, the court denied defendants&#8217; motion to dismiss the
amended complaint.</font></p>

<p style="margin:0cm;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;">Beginning in 2015, and continuing through
2017, certain agencies and public corporations of the Commonwealth of Puerto
Rico (Commonwealth) defaulted on certain interest payments on Puerto Rico
bonds. In 2016, US federal legislation created an oversight board with power to
oversee Puerto Rico&#8217;s finances and to restructure its debt. The oversight board
has imposed a stay on the exercise of certain creditors&#8217; rights. In 2017, the
oversight board placed certain of the bonds into a bankruptcy-like proceeding
under the supervision of a Federal District Judge. These events, further
defaults or any further legislative action to create a legal means of
restructuring Commonwealth obligations or to impose additional oversight on the
Commonwealth&#8217;s finances, or any restructuring of the Commonwealth&#8217;s
obligations, may increase the number of claims against UBS concerning Puerto
Rico securities, as well as potential damages sought.</font></p>

<p style="margin:0cm;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;">In May 2019, the oversight board filed
complaints in Puerto Rico federal district court bringing claims against
financial, legal and accounting firms that had participated in Puerto Rico
municipal bond offerings, including UBS, seeking a return of underwriting and
swap fees paid in connection with those offerings. UBS estimates that it
received approximately USD&nbsp;125 million in fees in the relevant offerings.</font></p>

<p style="margin:0cm;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;">In August 2019 and February 2020, three US
insurance companies that insured issues of Puerto Rico municipal bonds sued UBS
and seven other underwriters of Puerto Rico municipal bonds. The actions
collectively seek recovery of an aggregate of USD&nbsp;955 million in damages
from the defendants. The plaintiffs in these cases claim that defendants failed
to reasonably investigate financial statements in the offering materials for
the insured Puerto Rico bonds issued between 2002 and 2007, which plaintiffs argue
they relied upon in agreeing to insure the bonds notwithstanding that they had
no contractual relationship with the underwriters.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><a name="XBRL_TS_aae1e637305b45c48953548a1_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Our balance sheet at 31&nbsp;March 2020 reflected provisions with
respect to matters described in this item 4 in amounts that UBS believes to be
appropriate under the applicable accounting standard. As in the case of other
matters for which we have established provisions, the future outflow of
resources in respect of such matters cannot be determined with certainty based
on currently available information and accordingly may ultimately prove to be
substantially greater (or may be less) than the provisions that we have
recognized.</font></p>

<p style="margin:0cm;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:0cm;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 style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:2.0pt;">&nbsp;</font></p>

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<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">16&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Provisions and contingent liabilities </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>

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<p style="margin:0cm;margin-bottom:.0001pt;margin-top:11.3pt;"><a name="XBRL_TS_690b3eb3954c40bcb4628c1f4"></a><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">5. Foreign
exchange, LIBOR and benchmark rates, and other trading practices</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Foreign exchange-related regulatory matters:</font></i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> Beginning in 2013, numerous authorities commenced
investigations concerning possible manipulation of foreign exchange markets and
precious metals prices. As a result of these investigations, UBS entered into
resolutions with the UK Financial Conduct Authority (FCA), the US Commodity
Futures Trading Commission (CFTC), FINMA, the Board of Governors of the Federal
Reserve System (Federal Reserve Board) and the Connecticut Department of
Banking, the DOJ&#8217;s Criminal Division and the European Commission. UBS has
ongoing obligations under the Cease and Desist Order of the Federal Reserve
Board and the Office of the Comptroller of the Currency (as successor to the Connecticut
Department of Banking), and to cooperate with relevant authorities and to
undertake certain remediation measures. UBS has also been granted conditional
immunity by the Antitrust Division of the DOJ and by authorities in other
jurisdictions in connection with potential competition law violations relating
to foreign exchange and precious metals businesses. Investigations relating to
foreign exchange matters by certain authorities remain ongoing notwithstanding
these resolutions.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Foreign exchange-related civil litigation:</font></i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> Putative class actions have been filed since 2013 in US
federal courts and in other jurisdictions against UBS and other banks on behalf
of putative classes of persons who engaged in foreign currency transactions
with any of the defendant banks. UBS has resolved US federal court class
actions relating to foreign currency transactions with the defendant banks and
persons who transacted in foreign exchange futures contracts and options on
such futures under a settlement agreement that provides for UBS to pay an
aggregate of USD&nbsp;141 million and provide cooperation to the settlement
classes. Certain class members have excluded themselves from that settlement
and have filed individual actions in US and English courts against UBS and
other banks, alleging violations of US and European competition laws and unjust
enrichment.</font></p>

<p style="margin:0cm;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;">In 2015, a putative class action was filed in
federal court against UBS and numerous other banks on behalf of persons and
businesses in the US who directly purchased foreign currency from the
defendants and alleged co-conspirators for their own end use. In March 2017,
the court granted UBS&#8217;s (and the other banks&#8217;) motions to dismiss the
complaint. The plaintiffs filed an amended complaint in August 2017. In March
2018, the court denied the defendants&#8217; motions to dismiss the amended
complaint.</font></p>

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


</font><p style="margin:0cm;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;">In 2017, two putative class actions were
filed in federal court in New York against UBS and numerous other banks on
behalf of persons and entities who had indirectly purchased foreign exchange
instruments from a defendant or co-conspirator in the US, and a consolidated
complaint was filed in June 2017. In March 2018, the court dismissed the
consolidated complaint. In October 2018, the court granted plaintiffs&#8217; motion
seeking leave to file an amended complaint. In January 2020, UBS and 11 other
banks agreed in principle with the plaintiffs to settle the class action for a
total of USD&nbsp;10 million. The settlement is subject to final documentation
and court approval.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.05pt;line-height:11.5pt;">LIBOR and
other benchmark-related regulatory matters:</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.05pt;line-height:11.5pt;"> Numerous government agencies, including the SEC,
the CFTC, the DOJ, the FCA, the UK Serious Fraud Office, the Monetary Authority
of Singapore, the Hong Kong Monetary Authority, FINMA, various state attorneys
general in the US and competition authorities in various jurisdictions, have
conducted investigations regarding potential improper attempts by UBS, among
others, to manipulate LIBOR and other benchmark rates at certain times. UBS
reached settlements or otherwise concluded investigations relating to benchmark
interest rates with the investigating authorities. UBS has ongoing obligations
to cooperate with the authorities with whom we have reached resolutions and to
undertake certain remediation measures with respect to benchmark interest rate
submissions. UBS has been granted conditional leniency or conditional immunity
from authorities in certain jurisdictions, including the Antitrust Division of
the DOJ and the Swiss Competition Commission (WEKO), in connection with
potential antitrust or competition law violations related to certain rates.
However, UBS has not reached a final settlement with WEKO, as the Secretariat
of WEKO has asserted that UBS does not qualify for full immunity.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><a name="XBRL_TS_690b3eb3954c40bcb4628c1f4_bclEnd"></a><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">LIBOR and other benchmark-related civil litigation:</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> A number of putative class actions and other actions are pending in
the federal courts in New York against UBS and numerous other banks on behalf
of parties who transacted in certain interest rate benchmark-based derivatives.
Also pending in the US and in other jurisdictions are a number of other actions
asserting losses related to various products whose interest rates were linked
to LIBOR and other benchmarks, including adjustable rate mortgages, preferred
and debt securities, bonds pledged as collateral, loans, depository accounts,
investments and other interest-bearing instruments. The complaints allege
manipulation, through various means, of certain benchmark interest rates,
including USD&nbsp;LIBOR, Euroyen TIBOR, Yen LIBOR, EURIBOR, CHF&nbsp;LIBOR,
GBP LIBOR, SGD SIBOR and SOR and Australian BBSW, and seek unspecified
compensatory and other damages under varying legal theories.</font></p>




<p style="margin:0cm;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;letter-spacing:-.05pt;line-height:11.5pt;">&nbsp;</font></p>









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 <p align=right style="border:none;margin:0cm;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="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;">99</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_105"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:2.0pt;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">16&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Provisions and contingent liabilities </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:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><a name="XBRL_TS_4bfba6e73b204ce7890bd4693"></a><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">USD&nbsp;LIBOR class and individual actions in the US: </font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">In 2013 and 2015, the district court in the USD&nbsp;LIBOR actions
dismissed, in whole or in part, certain plaintiffs&#8217; antitrust claims, federal
racketeering claims, CEA claims, and state common law claims. Although the
Second Circuit vacated the district court&#8217;s judgment dismissing antitrust
claims, the district court again dismissed antitrust claims against UBS in
2016. Certain plaintiffs have appealed that decision to the Second Circuit.
Separately, in 2018, the Second Circuit reversed in part the district court&#8217;s
2015 decision dismissing certain individual plaintiffs&#8217; claims and certain of
these actions are now proceeding. UBS entered into an agreement in 2016 with
representatives of a class of bondholders to settle their USD&nbsp;LIBOR class
action. The agreement has received preliminary court approval and remains
subject to final approval. In 2018, the district court denied plaintiffs&#8217;
motions for class certification in the USD&nbsp;class actions for claims
pending against UBS, and plaintiffs sought permission to appeal that ruling to
the Second Circuit. In July 2018, the Second Circuit denied the petition to
appeal of the class of USD&nbsp;lenders and in November 2018 denied the
petition of the USD&nbsp;exchange class. In December 2019, UBS entered into an
agreement with representatives of the class of USD&nbsp;lenders to settle their
USD&nbsp;LIBOR class action. The agreement has received preliminary court
approval and remains subject to final approval. In January 2019, a putative
class action was filed in the District Court for the Southern District of New
York against UBS and numerous other banks on behalf of US residents who, since
1&nbsp;February 2014, directly transacted with a defendant bank in USD&nbsp;LIBOR
instruments. The complaint asserts antitrust claims. The defendants moved to
dismiss the complaint in August 2019. On 26 March 2020 the court granted
defendants&#8217; motion to dismiss the complaint in its entirety.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Other benchmark class actions in the US: </font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">In 2014, the court in one of the Euroyen TIBOR lawsuits dismissed
certain of the plaintiffs&#8217; claims, including a federal antitrust claim, for
lack of standing. In 2015, this court dismissed the plaintiffs&#8217; federal
racketeering claims on the same basis and affirmed its previous dismissal of
the plaintiffs&#8217; antitrust claims against UBS. In 2017, this court also
dismissed the other Yen LIBOR / Euroyen TIBOR action in its entirety on
standing grounds, as did the court in the CHF&nbsp;LIBOR action. Also in 2017,
the court in the EURIBOR lawsuit dismissed the case as to UBS and certain other
foreign defendants for lack of personal jurisdiction. Plaintiffs in the other
Yen LIBOR, Euroyen TIBOR and the EURIBOR actions have appealed the dismissals. In
April 2020, the appeals court reversed the dismissal of the Yen LIBOR / Euroyen
TIBOR complaint. The other cases remain on appeal. In October 2018, the court
in the SIBOR / SOR action dismissed all but one of plaintiffs&#8217; claims against
UBS. Plaintiffs in the CHF&nbsp;LIBOR and <br clear=all>
SIBOR / SOR actions filed amended complaints following the dismissals, and the
courts granted renewed motions to dismiss in July 2019 (SIBOR / SOR) and in
September 2019 (CHF LIBOR). Plaintiffs in both actions have appealed. In
November 2018, the court in the BBSW lawsuit dismissed the case as to UBS and
certain other foreign defendants for lack of personal jurisdiction. Following
that dismissal, plaintiffs in the BBSW action filed an amended complaint in
April 2019, which UBS and other defendants named in the amended complaint have
moved to dismiss. <a name="_Hlk32592160"></a>In February 2020, the court in the
BBSW action granted in part and denied in part defendants&#8217; motions to dismiss
the amended complaint. The court dismissed the GBP LIBOR action in August
2019, and plaintiffs appealed the dismissal in September 2019. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">Government
bonds:</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;"> Putative class
actions have been filed since 2015 in US federal courts against UBS and other
banks on behalf of persons who participated in markets for US Treasury
securities since 2007. A consolidated complaint was filed in 2017 in the </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">US District Court for the Southern District of New York </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">alleging that the banks colluded with respect to,
and manipulated prices of, US Treasury securities sold at auction and in the
secondary market and asserting claims under the antitrust laws and for unjust
enrichment. Defendants&#8217; motions to dismiss the consolidated complaint are
pending. Similar class actions have been filed concerning European government
bonds and other government bonds.</font></p>

<p style="margin:0cm;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 and reportedly other banks are responding
to investigations and requests for information from various authorities
regarding government bond trading practices. As a result of its review to date,
UBS has taken appropriate action.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">Government
sponsored entities (GSE) bonds: </font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">Starting in February 2019, class action complaints were filed in the US
District Court for the Southern District of New York against UBS and other
banks on behalf of plaintiffs who traded GSE bonds. A consolidated complaint
was filed alleging collusion in GSE bond trading between 1&nbsp;January 2009
and 1&nbsp;January 2016. In December 2019, UBS and eleven other defendants
agreed to settle the class action for a total of USD&nbsp;250 million. The
settlement is subject to court approval.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><a name="XBRL_TS_4bfba6e73b204ce7890bd4693_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">With respect to additional matters and jurisdictions not encompassed
by the settlements and orders referred to above, our balance sheet at
31&nbsp;March 2020 reflected a provision in an amount that UBS believes to be
appropriate under the applicable accounting standard. As in the case of other
matters for which we have established provisions, the future outflow of
resources in respect of such matters cannot be determined with certainty based
on currently available information and accordingly may ultimately prove to be
substantially greater (or may be less) than the provision that we have
recognized.</font></p>




<p style="margin:0cm;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 bclFooter>

 <p style="border:none;margin:0cm;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="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;">100</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;">&nbsp;</font></p>

</DIV>
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<DIV bclHeader>

 <p style="border:none;margin:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:2.0pt;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">16&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; </font></b><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Provisions and contingent liabilities </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:0cm;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><a name="XBRL_TS_4c24be27f68e493ea887b3aa7"></a><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">6. Swiss retrocessions</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The Federal Supreme
Court of Switzerland ruled in 2012, in a test case against UBS, that
distribution fees paid to a firm for distributing third-party and intra-group
investment funds and structured products must be disclosed and surrendered to
clients who have entered into a discretionary mandate agreement with the firm,
absent a valid waiver.</font></p>

<p style="margin:0cm;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;">FINMA has issued a supervisory note to all
Swiss banks in response to the Supreme Court decision. UBS has met the FINMA
requirements and has notified all potentially affected clients.</font></p>

<p style="margin:0cm;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 Supreme Court decision has resulted, and
may continue to result, in a number of client requests for UBS to disclose and
potentially surrender retrocessions. Client requests are assessed on a
case-by-case basis. Considerations taken into account when assessing these cases
include, among other things, the existence of a discretionary mandate and
whether or not the client documentation contained a valid waiver with respect
to distribution fees.</font></p>

<p style="margin:0cm;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;">Our balance sheet at 31&nbsp;March 2020 reflected a provision with respect to
matters described in this item 6 in an amount that UBS believes to be
appropriate under the applicable accounting standard. The ultimate exposure
will depend on client requests and the resolution thereof, factors that are
difficult to predict and assess. Hence, as in the case of other matters for
which we have established provisions, the future outflow of resources in
respect of such matters cannot be determined with certainty based on currently
available information and accordingly may ultimately prove to be substantially
greater (or may be less) than the provision that we have recognized.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><a name="XBRL_TS_4c24be27f68e493ea887b3aa7_bclEnd"></a><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:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

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

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_c063340817df488fb44710d21"></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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">17&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160; Guarantees, commitments and forward starting
transactions<a name="Guarantees_commitments_bclEnd"></a><a name="XBRL_TS_c063340817df488fb44710d21_bclEnd"></a></font></b></p>

</div>


<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_5f1d5fc35158447b898722132"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The table below presents the maximum irrevocable amount of
guarantees, commitments and forward starting transactions.<a name="XBRL_TS_5f1d5fc35158447b898722132_bclEnd"></a></font></p>

<p style="margin:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=39% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=22% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Gross</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total gross</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Sub-participations</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net</font></b></p>
  </td>
 </tr>
<tr style="height:18.0pt;">
  <td valign=bottom width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of 31.3.20, USD million</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Measured </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">at&nbsp;fair value</font></b></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:18.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Not measured </font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">at fair value</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:18.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total guarantees</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;969&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17,830&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,800&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,634)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,166&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loan commitments</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13,514&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;28,334&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41,848&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(817)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41,031&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Forward starting transactions<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Reverse repurchase agreements</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;41,161&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,113&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;46,275&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Securities borrowing agreements</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Repurchase agreements</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;31,293&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,221&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32,515&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=39% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:4.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of 31.12.19, USD million</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total guarantees</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;986&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18,142&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;19,128&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(2,646)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16,482&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Loan commitments</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,308&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;27,547&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33,856&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(787)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33,069&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Forward starting
  transactions<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Reverse repurchase agreements</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;20,284&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,657&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;21,941&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Repurchase agreements</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,740&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;408&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,148&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=10 valign=top width=100% style="border:none;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Cash to be paid in the future by either UBS or the
  counterparty. </font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Ccy_translation_rates"></a></p>
<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">101</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_107"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;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>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="XBRL_TS_f9de555139674cf8a2d0695de"></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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">18&nbsp;</font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> &#160;Currency translation rates<a name="Ccy_translation_rates_bclEnd"></a><a name="XBRL_TS_f9de555139674cf8a2d0695de_bclEnd"></a></font></b></p>

</div>


<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_25c64860ec2347c9ac457037a"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The following table shows the rates of the main currencies used to
translate the financial information of UBS&#8217;s operations with a functional
currency other than the US dollar into US dollars.<a name="XBRL_TS_25c64860ec2347c9ac457037a_bclEnd"></a></font></p>










<p style="margin:0cm;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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=27% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Closing exchange rate</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Average rate<sup>1</sup></font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=27% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">For the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1 CHF</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.04&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.03&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.00&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.04&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.02&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.00&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1 EUR</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.10&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.12&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.12&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.10&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.11&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.14&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1 GBP</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.24&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.32&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.30&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.28&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.31&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1.31&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=46% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">100 JPY</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.93&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.92&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.90&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.93&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.92&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0.91&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:33.0pt;">
  <td colspan=9 valign=top width=100% style="height:33.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Monthly income statement items of operations with a functional
  currency other than the US dollar are translated with month-end rates into US
  dollars. Disclosed average rates for a quarter represent an average of three
  month-end rates, weighted according to the income and expense volumes of all
  operations of the Group with the same functional currency for each month.
  Weighted average rates for individual business divisions may deviate from the
  weighted average rates for the Group.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="XBRL_TS_be420c85a471480f93956ff47"></a><a name="Changes_org"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;padding:0cm;"><a name="Events_after_period_0"></a><a name="XBRL_TS_b093986bea41418e8bf6912c1"></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=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">19  <a name="Events_after_rep_period"></a><a name="Changes_org_bclEnd"></a><a name="XBRL_TS_b093986bea41418e8bf6912c1_bclEnd"></a></font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Events after the reporting period<a name="Events_after_period_0_bclEnd"></a><a name="Events_after_rep_period_bclEnd"></a><a name="XBRL_TS_be420c85a471480f93956ff47_bclEnd"></a></font></b></p>

</div>









<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">COVID-19 related developments after the
balance sheet date</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">UBS has monitored and assessed
information received after the end of the reporting period, until the first
quarter 2020 report was approved for issuance on 27 April 2020. No new
information has arisen that required UBS to adjust its financial position as of
31 March 2020. However, there is significant uncertainty regarding how the
COVID-19 pandemic will continue to unfold, the duration of the pandemic and the
extent of the economic recovery. </font></p>

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


</font><p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:9.0pt;line-height:11.5pt;">While acknowledging that various government
support measures may mitigate losses to some degree, UBS does expect elevated
credit loss expenses to persist for at least as long as the COVID-19
containment measures continue. In particular, given that the current situation
is very fluid, updates to scenarios, forecast economic conditions and
management overlays may be required during 2020 as further information about
the effects of the pandemic is received, including a potential deterioration in
estimates of GDP and unemployment.</font></p>








<p style="margin:0cm;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;">&#160;&nbsp;</font></p>








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

 <p style="border:none;margin:0cm;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="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;">102</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_108"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">UBS
AG interim consolidated financial <br>
information (unaudited)<a name="Interim_ConsoFS_UBSAG_bclEnd"></a></font></p>








<p style="margin:0cm;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;">This section contains a comparison of
selected financial and capital information between UBS Group AG consolidated
and UBS AG consolidated. Refer to the UBS AG first quarter 2020 report, which
will be available as of 4&nbsp;May 2020 under &#8220;Quarterly reporting&#8221; at </font><i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">www.ubs.com/investors</font></i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">, for</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;font-style:normal;line-height:11.5pt;"> the interim consolidated
financial statements of UBS AG.</font></p>

<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;margin-top:11.3pt;"><a name="Comparison_GroupVsAG"></a><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Comparison
between UBS Group AG consolidated and UBS&nbsp;AG consolidated</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Comparison_GroupVsAG_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The accounting policies applied under International Financial
Reporting Standards (IFRS) to both the UBS Group AG and the UBS AG consolidated
financial statements are identical. However, there are certain scope and
presentation differences as noted below:</font></p>

<p style="margin-bottom:0cm;margin-left:11.35pt;margin-right:0cm;margin-top:0cm;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;">&#8211;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:11.5pt;">&nbsp;&nbsp;
</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Assets, liabilities, operating income, operating
expenses and operating profit before tax relating to UBS Group AG and its
directly held subsidiaries, including UBS Business Solutions AG, are reflected
in the consolidated financial statements of UBS Group AG but not of UBS AG. UBS
AG&#8217;s assets, liabilities, operating income and operating expenses related to
transactions with UBS Group AG and its directly held subsidiaries, including
UBS Business Solutions AG and other shared services subsidiaries, are not
subject to elimination in the UBS AG consolidated financial statements, but are
eliminated in the UBS Group AG consolidated financial statements. UBS Business
Solutions AG and other shared services subsidiaries of UBS Group AG charge
other legal entities within the UBS AG consolidation scope for services provided,
including a markup on costs incurred.</font></p>

<p style="margin-bottom:0cm;margin-left:11.35pt;margin-right:0cm;margin-top:0cm;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;">&#8211;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:11.5pt;">&nbsp;&nbsp;
</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The equity of UBS Group AG consolidated was USD&nbsp;0.1
billion higher than the equity of UBS AG consolidated as of 31&nbsp;March 2020.
This difference is mainly driven by higher dividends paid by UBS AG to UBS
Group AG compared with the dividend distributions of UBS Group AG, as well as
higher retained earnings in the UBS Group AG consolidated financial statements,
largely related to the aforementioned markup charged by shared services
subsidiaries of UBS Group AG to other legal entities in the UBS AG scope of
consolidation. In addition, UBS Group is the grantor of the majority of the
compensation plans of the Group and recognizes share premium for equity-settled
awards granted. These effects were partly offset by treasury shares acquired as
part of our share repurchase program and those held to hedge share delivery
obligations associated with Group compensation plans, as well as additional
share premium recognized at the UBS AG consolidated level related to the
establishment of UBS Group AG and UBS Business Solutions AG, a wholly owned
subsidiary of UBS Group AG.</font></p>

<p style="margin-bottom:0cm;margin-left:11.35pt;margin-right:0cm;margin-top:0cm;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;">&#8211;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:11.5pt;">&nbsp;&nbsp;
</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The going concern capital of UBS Group AG
consolidated was USD&nbsp;4.8 billion higher than the going concern capital of
UBS&nbsp;AG consolidated as of 31&nbsp;March 2020, reflecting higher going
concern loss-absorbing additional tier 1 (AT1) capital of
USD&nbsp;4.3&nbsp;billion and higher common equity tier 1 (CET1) capital of
USD&nbsp;0.5&nbsp;billion. </font></p>

<p style="margin-bottom:0cm;margin-left:11.35pt;margin-right:0cm;margin-top:0cm;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;">&#8211;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:11.5pt;">&nbsp;&nbsp;
</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The CET1 capital of UBS Group AG consolidated
was USD&nbsp;0.5 billion higher than that of UBS AG consolidated as of
31&nbsp;March 2020. The difference in CET1 capital was primarily due to higher
UBS Group AG consolidated IFRS equity of USD&nbsp;0.1 billion, as described
above, and different accruals for future capital returns to shareholders,
partly offset by compensation-related regulatory capital accruals at the UBS Group
AG level.</font></p>

<p style="margin-bottom:0cm;margin-left:11.35pt;margin-right:0cm;margin-top:0cm;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;">&#8211;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:11.5pt;">&nbsp;&nbsp;
</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The going concern loss-absorbing AT1 capital of
UBS Group AG consolidated was USD&nbsp;4.3&nbsp;billion higher than that of UBS
AG consolidated as of 31&nbsp;March 2020, reflecting deferred contingent capital
plan awards and low-trigger loss-absorbing AT1 capital notes. These AT1 capital
notes were issued by UBS Group AG after the implementation of the new Swiss SRB
framework, and only qualify as gone concern loss-absorbing capacity at the UBS AG
consolidated level.</font></p>








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


<DIV bclFooter>

 <p align=right style="border:none;margin:0cm;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="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;">103</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_109"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Notes to the UBS
 Group AG interim consolidated financial statements (unaudited)</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font 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 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td colspan=5 width=72% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Comparison between UBS Group AG
  consolidated and UBS AG consolidated</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=32% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter ended 31.3.20</font></b></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=27% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter ended 31.12.19</font></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td valign=bottom width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million, except where
  indicated</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS Group AG</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">consolidated</font></b></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:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS AG</font></b></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">consolidated</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:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Difference</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(absolute)</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS Group AG</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">consolidated</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:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS AG</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">consolidated</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:19.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Difference</font></p>
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(absolute)</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=39% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Income statement</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,934&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,009&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(75)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,052&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,145&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(93)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,926&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,210&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(285)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,124&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,332&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(207)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit / (loss) before tax </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;2,008&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,799&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;209&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;928&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;814&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;114&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Global Wealth
  Management</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,218&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,201&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;766&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;754&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Personal &amp;
  Corporate Banking</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;334&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;335&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;310&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;311&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Asset Management</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;157&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;157&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;180&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;180&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Investment Bank</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;709&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;679&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;30&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(22)&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(18)&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(4)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: Group Functions</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(410)&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(572)&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;162&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(306)&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(413)&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;107&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss) </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,598&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,424&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;174&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;727&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;628&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;100&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net profit /
  (loss) attributable to shareholders</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,595&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,421&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;174&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;722&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;622&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;100&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: net profit /
  (loss) attributable to non-controlling interests</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=39% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Statement of comprehensive
  income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other comprehensive income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2,597</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2,671</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(74)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(2,295)</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(1,475)</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(819)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: attributable to
  shareholders</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2,602</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2,675</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(74)</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(2,299)</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(1,479)</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(819)</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: attributable to
  non-controlling interests</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(5)</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(5)</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total comprehensive income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4,195</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4,095</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">100</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(1,567)</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(847)</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(720)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: attributable to
  shareholders</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4,197</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4,097</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">100</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(1,577)</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(857)</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(720)</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: attributable to
  non-controlling interests</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(2)</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(2)</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0</font></i></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=39% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance sheet</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,098,099</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,099,185</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(1,085)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">972,183</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">971,916</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">267</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total liabilities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,039,981</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,041,201</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(1,220)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">917,476</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">917,988</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(512)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total equity </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">58,118</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">57,983</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">135</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">54,707</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">53,928</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">779</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: equity
  attributable to shareholders</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">57,949</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">57,814</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">135</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">54,533</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">53,754</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">779</font></i></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 11.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">of which: equity
  attributable to non-controlling interests</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">169</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">169</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">174</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">174</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0</font></i></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=39% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Capital information</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">36,691</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">36,194</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">497</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">35,582</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">35,280</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">302</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Going concern capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">51,916</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">47,115</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4,801</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">51,888</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">47,237</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4,650&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Risk-weighted assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">286,256</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">284,706</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,551</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">259,208</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">257,831</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,376&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital ratio (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">12.8</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">12.7</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.1</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">13.7</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">13.7</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.0</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">18.1</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">16.5</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.6</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">20.0</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">18.3</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1.7</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing capacity ratio (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">32.7</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">32.1</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.6</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">34.6</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">33.9</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.7</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">955,932</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">957,199</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(1,267)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">911,325</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">911,232</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;94&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator (with temporary FINMA exemption)<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">877,463</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">903,756</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(26,293)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 leverage ratio (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.84</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.78</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.06</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.90</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3.87</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.03</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 leverage ratio (%) (with temporary FINMA exemption)<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.18</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.00</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.18</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5.4</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4.9</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.5</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5.7</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5.2</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.5</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Going concern leverage ratio (%) (with temporary FINMA
  exemption)<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5.9</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5.2</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.7</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=39% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">9.8</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">9.5</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.3</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">9.8</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">9.6</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">0.2</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=9 valign=top width=100% style="height:9.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1&nbsp;Refer to the &#8220;Recent developments&#8221; section and the
  &#8220;Capital management&#8221; section of this report for further details about the
  temporary FINMA exemption.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;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:0cm;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="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;">104</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;">&nbsp;</font></p>

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<p style="margin-bottom:28.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:70.0pt;line-height:70.0pt;">Significant regulated subsidiary and
sub-group information</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:12.0pt;">Unaudited </font></p>










<p style="margin-bottom:12.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="Financial_and_reg_key_figures"></a></p>
<DIV bclFooter>

 <p style="border:none;margin:0cm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=#006600 face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_111"></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:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Significant
 regulated subsidiary and sub-group information</font></font><font style="border:none;">&nbsp;</font></p>

</DIV>
<p style="margin-bottom:12.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:18.0pt;line-height:24.0pt;">Financial<a name="Financial_and_reg_key_figures_bclEnd"></a> and regulatory key figures for our significant
regulated subsidiaries and sub-groups</font></p>








<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:16.5pt;">
  <td valign=bottom width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=16% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS AG</font></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(standalone)</font></p>
  </td>
 <td width=1% style="height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS Switzerland AG</font></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(standalone)</font></p>
  </td>
 <td width=1% style="height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS Europe SE</font></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(consolidated)<sup>1</sup></font></p>
  </td>
 <td width=1% style="height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=16% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">UBS Americas Holding LLC</font></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(consolidated)</font></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td valign=bottom width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=16% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million,</font></i></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">except where indicated</font></i></p>
  </td>
 <td width=1% style="height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">CHF million,</font></i></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">except where indicated</font></i></p>
  </td>
 <td width=1% style="height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">EUR million,</font></i></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">except where indicated</font></i></p>
  </td>
 <td width=1% style="height:16.5pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=16% style="border:none;border-bottom:solid #74726F 1.0pt;height:16.5pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million,</font></i></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">except where indicated</font></i></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter ended</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19<sup>2</sup></font></p>
  </td>
 </tr>
<tr style="height:2.25pt;">
  <td width=35% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Financial information<sup>3,4,5</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Income statement</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3,014</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2,337</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,887</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,930</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">213</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">297</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3,083</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3,007</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total operating expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,754</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2,115</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,720</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,600</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">242</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">207</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2,798</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">2,752</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit / (loss) before tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,260</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">222</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">167</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">330</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(28)</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">90</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">285</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">255</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,223</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">324</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">130</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">258</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">(38)</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">87</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">114</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">72</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Balance sheet</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">487,536</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">478,946</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">299,459</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">285,014</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">60,553</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">46,247</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">163,246</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">139,304</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total liabilities </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">434,609</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">427,242</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">286,656</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">272,341</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">56,062</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">41,756</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">134,877</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">111,027</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total equity</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">52,927</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">51,705</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">12,803</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">12,673</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4,491</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4,490</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">28,369</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">28,277</font></p>
  </td>
 </tr>
<tr style="height:2.25pt;">
  <td width=35% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Capital<sup>6,7</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">48,998</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">49,521</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">11,427</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10,895</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3,501</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3,486</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">11,975</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">11,939</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Additional tier 1 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10,921</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">11,958</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4,710</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">4,711</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">290</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">290</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3,048</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3,048</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tier 1 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">59,919</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">61,479</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">16,137</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">15,606</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3,791</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3,776</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">15,024</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">14,987</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total going concern capital<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">59,919</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">61,479</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">16,137</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">15,606</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3,791</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3,776</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tier 2 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">755</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">714</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total gone concern loss-absorbing capacity<sup>8,9</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">44,137</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10,910</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10,915</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,808</font></b><sup><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">10</font></b></sup></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">1,840<sup>10</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3,791</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">3,776</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">15,778</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">15,702</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing capacity<sup>8,9</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">104,056</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">27,047</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">26,521</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5,598</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5,616</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:2.25pt;">
  <td width=35% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Risk-weighted assets and
  leverage ratio denominator<sup>6,7</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Risk-weighted assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">317,621</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">287,999</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">104,489</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">99,667</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">15,154</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">15,146</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">53,812</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">54,058</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">574,692</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">589,127</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">317,071</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">302,304</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">49,004</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">41,924</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">135,534</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">127,290</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator (with temporary FINMA exemption)<sup>11</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">574,692</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">249,175</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:2.25pt;">
  <td width=35% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Capital and leverage ratios
  (%)<sup>6,7</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital ratio</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">15.4</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">17.2</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10.9</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10.9</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">23.1</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">23.0</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">22.3</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">22.1</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tier 1 capital ratio</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">25.0</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">24.9</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">27.9</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">27.7</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Going concern capital ratio<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">18.9</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">23.1</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">15.4</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">15.7</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total capital ratio</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">25.0</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">24.9</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">29.3</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">29.0</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing capacity ratio<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">25.9</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">26.6</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">36.9</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">37.1</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Tier 1 leverage ratio</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">7.7</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">9.0</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">11.1</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">11.8</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10.4</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10.4</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5.1</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">5.2</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Going concern leverage ratio (with temporary FINMA exemption)<sup>11</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10.4</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">6.5</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing capacity leverage ratio<sup>8</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US 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:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">8.5</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">8.8</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">11.4</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">13.4</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Gone concern capital coverage ratio</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">142.7</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:2.25pt;">
  <td width=35% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Liquidity<sup>7,8,12</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">High-quality liquid assets (billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">68</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">74</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">75</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">67</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">15</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">14</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net cash outflows (billion)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">48</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">54</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">53</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">52</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10<sup>13</sup></font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">10<sup>13</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Liquidity coverage ratio (%)<sup>14,15</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">141</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">137</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">141</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">130</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">142</font></b><sup><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">13</font></b></sup></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">147<sup>13</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:2.25pt;">
  <td width=35% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:2.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:8.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td width=35% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Joint and several liability between UBS AG and UBS Switzerland
  AG (billion)<sup>16</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">13</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.75pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">17</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.75pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:48.75pt;">
  <td colspan=13 valign=top width=100% style="border:none;height:48.75pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 As a result of the cross-border merger of UBS Limited into UBS
  Europe SE effective 1 March 2019, UBS Europe SE became a significant
  regulated subsidiary of UBS Group AG. The size, scope and business model of
  the merged entity is now materially different.&#160;&#160;&#160; 2&nbsp;Figures as of or for
  the quarter ended 31 December 2019 have been adjusted for consistency with
  the full-year audited financial statements and/or local regulatory reporting,
  which were finalized after the publication of the UBS Group AG Annual Report
  2019 and the 31 December 2019 Pillar 3 report on 28 February 2020.&#160;&#160;&#160;
  3&nbsp;UBS AG and UBS Switzerland AG financial information is prepared in
  accordance with Swiss GAAP (FINMA Circular 2015/1 and the Banking Ordinance),
  but does not represent interim financial statements under Swiss GAAP.&#160;&#160;&#160;
  4&nbsp;UBS Europe SE financial information is prepared in accordance with
  International Financial Reporting Standards (IFRS), but does not represent
  interim financial statements under IFRS.&#160;&#160;&#160; 5&nbsp;UBS&nbsp;Americas Holding
  LLC financial information is prepared in accordance with accounting
  principles generally accepted in the US (US GAAP), but does not represent
  interim financial statements under US GAAP.&#160;&#160;&#160; 6
  For&nbsp;UBS&nbsp;AG&nbsp;and UBS Switzerland&nbsp;AG, based on applicable
  Swiss systemically relevant banks (SRBs) framework. For UBS Europe SE, based
  on applicable EU Basel III rules. For UBS Americas Holding LLC, based on
  applicable US Basel III rules.&#160;&#160;&#160; 7&nbsp;Refer to the 31&nbsp;March 2020
  Pillar 3 report available under &#8220;Pillar 3 disclosures&#8221; at www.ubs.com/investors
  for more information.&#160;&#160;&#160; 8 There was no local disclosure requirement for UBS
  Americas Holding LLC as of 31&nbsp;March 2020 and
  31&nbsp;December&nbsp;2019.&#160;&#160;&#160; 9&nbsp;Total loss-absorbing capacity of UBS
  Americas Holding LLC is disclosed on a semi-annual basis in our Pillar 3
  report.&#160;&#160;&#160; 10&nbsp;Consists of positions which meet the conditions laid down
  in Art. 72a&#8211;b of the Capital Requirements Regulation (CRR)&nbsp;II with
  regard to contractual, structural or legal subordination.&#160;&#160;&#160; 11 Refer to the
  &#8220;Recent developments&#8221; section and the &#8220;Capital management&#8221; section of this
  report for further details about the temporary FINMA exemption.&#160;&#160;&#160;
  12&nbsp;For UBS Europe SE, figures as of 31&nbsp;December&nbsp;2019 are based
  on a ten-month average, rather than a twelve-month average, as data produced
  on the same basis is only available for the period since the cross-border
  merger.&#160;&#160;&#160; 13&nbsp;Revised calculation excludes inflows from overdrafts which
  we cannot demand repayment of within 30 days.&#160;&#160;&#160; 14&nbsp;UBS&nbsp;AG is
  required to maintain a liquidity coverage ratio of 105% as communicated by
  FINMA.&#160;&#160;&#160; 15 UBS Switzerland AG, as a Swiss SRB, is required to maintain a
  liquidity coverage ratio of 100%.&#160; In connection with the Swiss Emergency
  Plan, UBS Switzerland AG must fulfil additional liquidity requirements.&#160;&#160;&#160; 16&nbsp;Refer
  to the &#8220;Capital management&#8221; section of our Annual Report 2019 report for more
  information about the joint and several liability. Under certain
  circumstances, the Swiss Banking Act and FINMA&#8217;s Banking Insolvency Ordinance
  authorize FINMA to modify, extinguish or convert to common equity liabilities
  of a bank in connection with a&nbsp;resolution or insolvency of such
  bank.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>












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 <p style="border:none;margin:0cm;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="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;">106</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;">&nbsp;</font></p>

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<DIV bclHeader>

 <p style="border:none;margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;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 a holding company and conducts substantially all of its operations
through UBS AG and its subsidiaries. UBS Group AG and UBS AG contribute a
significant portion of their respective capital and provide substantial
liquidity to their subsidiaries. Many of these subsidiaries are subject to
regulations requiring compliance with minimum capital, liquidity and similar
requirements. The tables in this section summarize the regulatory capital
components and capital ratios of our significant regulated subsidiaries and
sub-groups determined under the regulatory framework of each subsidiary&#8217;s or
sub-group&#8217;s home jurisdiction. </font></p>

<p style="margin:0cm;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;">Supervisory authorities generally have
discretion to impose higher requirements or to otherwise limit the activities
of subsidiaries. Supervisory authorities also may require entities to measure
capital and leverage ratios on a stressed basis and may limit the ability of an
entity to engage in new activities or take capital actions based on the results
of those tests.</font></p>

<p style="margin:0cm;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;">Standalone regulatory information for UBS AG
and UBS&nbsp;Switzerland AG, as well as consolidated regulatory information for
UBS Europe SE and UBS Americas Holding LLC, is provided
in the 31 March 2020 Pillar 3 report available under &#8220;Pillar 3 disclosures&#8221; at </font><i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">www.ubs.com/investors</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:0cm;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;">Selected financial and regulatory information
for UBS AG consolidated is included in the key figures table below. Refer also
to the UBS AG first quarter 2020 report, which will be available as of
4&nbsp;May 2020 under &#8220;Quarterly reporting&#8221; at </font><i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">www.ubs.com/investors</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:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0cm;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>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS AG consolidated key figures</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=30% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of or for the quarter ended</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million, except where
  indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></b></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:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.12.19</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:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.19</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Results</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8,009&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,145&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7,343&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,210&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;6,332&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5,890&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Operating profit / (loss) before tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,799&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;814&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,454&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit / (loss) attributable to shareholders</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,421&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;622&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,069&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Profitability and growth<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on equity (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;10.2&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.6&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;8.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on tangible equity (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.2&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on common equity tier 1 capital (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;15.9&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;7.1&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on risk-weighted assets, gross (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.2&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;11.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Return on leverage ratio denominator, gross (%)<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.2&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Cost / income ratio (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;75.0&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;88.5&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;80.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Net profit growth (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33.0&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;128.4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;(24.3)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Resources<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;1,099,185&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;971,916&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;956,737&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity attributable to shareholders</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;57,814&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,754&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;53,216&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;36,194&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;35,280&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;34,933&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Risk-weighted assets<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;284,706&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;257,831&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;266,581&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 capital ratio (%)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;12.7&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13.7&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;13.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Going concern capital ratio (%)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;16.5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;18.3&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;17.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing capacity ratio (%)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32.1&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;33.9&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;32.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;957,199&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;911,232&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;911,410&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Leverage ratio denominator (with temporary FINMA exemption)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;903,756&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 leverage ratio (%)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.78&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.87&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3.83&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Common equity tier 1 leverage ratio (%) (with temporary FINMA
  exemption)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.00&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Going concern leverage ratio (%)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;4.9&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.2&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Going concern leverage ratio (%) (with temporary FINMA
  exemption)<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;5.2&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total loss-absorbing capacity leverage ratio (%)<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.6&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;9.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Other</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Invested assets (USD billion)<sup>5</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,236&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,607&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;3,318&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=69% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Personnel (full-time equivalents)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47,182&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47,005&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">&#160;47,773&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:26.25pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:26.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1&nbsp;Refer to the &#8220;Performance targets and measurement&#8221;
  section of our Annual Report 2019 for more information about our performance
  targets.&#160;&#160;&#160; 2&nbsp;The leverage ratio denominator as of 31 March 2020, used
  for the return calculation, does not reflect the effect of the temporary
  exemption granted by FINMA in connection with COVID-19. Refer to the &#8220;Recent
  developments&#8221; section of this report for more information.&#160;&#160;&#160; 3&nbsp;Based on
  the Swiss systemically relevant bank framework as of 1 January 2020. Refer to
  the &#8220;Capital management&#8221; section of this report for more information.&#160;&#160;&#160;
  4&nbsp;Refer to the &#8220;Recent developments&#8221; section and the &#8220;Capital
  management&#8221; section of this report for further details about the temporary
  FINMA exemption.&#160;&#160;&#160; 5&nbsp;Includes invested assets for Global Wealth
  Management, Asset Management and Personal &amp; Corporate Banking.&#160;&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>










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

 <p align=right style="border:none;margin:0cm;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="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;">107</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;">&nbsp;</font></p>

</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_113"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

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 <font style="height:163px;margin-left:0px;margin-top:0px;mso-ignore:vglayout;position:absolute;width:798px;">
 <table cellpadding=0 cellspacing=0 style="width:100%;">
 <tr>
  <td>
<div v:shape="Text_x0020_Box_x0020_5" style="behavior:url(#default#VML);padding:3.6pt 7.2pt 3.6pt 7.2pt;">
     <p style="border:none;margin:0cm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></font></p>
     </div>

     </td>
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<tr>
  <td colspan=1 style="border:none;">&nbsp;</td>
 </tr>
</table>
 </font><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Appendix</font></font><font style="border:none;">&nbsp;</font>

</DIV>
<p style="margin-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">Alternative
performance measures</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><a name="alternative_per_mes_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></p>

<div align=left><table border=1 cellpadding=0 cellspacing=0 style="background:#E6E6E6;border:none;border-collapse:collapse;width:100%;">
 <tr style="height:87.35pt;page-break-inside:avoid;">
  <td valign=top width=100% style="border-bottom:none;border-left:none;border-right:solid white 1.5pt;border-top:solid white 1.0pt;height:87.35pt;padding:1.4pt 0cm 0cm 0cm;">
  <div style="border:none;border-bottom:solid #74726F 1.0pt;margin-left:5.65pt;margin-right:5.65pt;padding:0cm 0cm 3.0pt 0cm;">
  <p style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Alternative performance measures</font></b></p>
  </div>

  <p style="margin:0cm;margin-bottom:.0001pt;margin-left:5.65pt;margin-right:5.65pt;margin-top:6.0pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">An
  alternative performance measure (an APM) is a financial measure of historical
  or future financial performance, financial position or cash flows other than
  a financial measure defined or specified in the applicable recognized
  accounting standards or in other applicable regulations. We report a number
  of APMs in the discussion of the financial and operating performance of the
  Group, our business divisions and our Group Functions. We use APMs to provide
  a fuller picture of our operating performance and to reflect management&#8217;s view of the fundamental drivers of our
  business results. A definition of each APM, the method used to calculate it and
  the information content are presented in the table below. Our APMs may qualify
  as non-GAAP measures as defined by US Securities and Exchange Commission (SEC)
  regulations.</font></p>
  </td>
 </tr>
</table></div>


<p style="margin:0cm;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:14.2pt;page-break-inside:avoid;">
  <td width=30% style="background:#646464;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:14.2pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font color=white face="Frutiger 47 Light CN,sans-serif" style="font-size:9.0pt;line-height:8.25pt;">APM label</font></b></p>
  </td>
 <td width=35% style="background:#646464;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:14.2pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font color=white face="Frutiger 47 Light CN,sans-serif" style="font-size:9.0pt;line-height:8.25pt;">Definition</font></b></p>
  </td>
 <td width=35% style="background:#646464;border:none;border-bottom:solid white 1.5pt;height:14.2pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font color=white face="Frutiger 47 Light CN,sans-serif" style="font-size:9.0pt;line-height:8.25pt;">Information
  content</font></b></p>
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font color=white face="Frutiger 47 Light CN,sans-serif" style="font-size:9.0pt;line-height:8.25pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:53.85pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:53.85pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Invested assets</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:53.85pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as the sum of managed
  fund assets, managed institutional assets, discretionary and advisory wealth
  management portfolios, fiduciary deposits, time deposits, savings accounts,
  and wealth management securities or brokerage accounts.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:53.85pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the volume of client assets managed by or deposited with UBS for investment
  purposes.</font></p>
  </td>
 </tr>
<tr style="height:25.5pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:25.5pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Recurring income </font></b></p>
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">&#8211; GWM</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:25.5pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as the total of net
  interest income and recurring net fee income.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:25.5pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the amount of the recurring net interest and fee income.</font></p>
  </td>
 </tr>
<tr style="height:53.85pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:53.85pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Recurring net fee income</font></b></p>
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">&#8211; GWM, P&amp;C</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:53.85pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as the total of fees for
  services provided on an ongoing basis, such as portfolio management fees,
  asset-based investment fund fees, custody fees and account-keeping fees,
  which are generated on client assets.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:53.85pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the amount of recurring net fee income.</font></p>
  </td>
 </tr>
<tr style="height:70.9pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:70.9pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Transaction-based income</font></b></p>
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">&#8211; GWM, P&amp;C</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:70.9pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as the total of the
  non-recurring portion of net fee and commission income, mainly composed of
  brokerage and transaction-based investment fund fees, as well as credit card
  fees and fees for payment transactions, together with other net income from
  financial instruments measured at fair value through profit or loss.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:70.9pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the amount of the non-recurring portion of net fee and commission income.</font></p>
  </td>
 </tr>
<tr style="height:34.0pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Cost / income ratio (%)</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as operating expenses
  divided by operating income before credit loss expense or recovery.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the efficiency of the business by comparing operating expenses with gross
  income.</font></p>
  </td>
 </tr>
<tr style="height:34.0pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Gross margin on invested assets
  (bps)</font></b></p>
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">&#8211; GWM, AM</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as operating income
  before credit loss expense or recovery (annualized as applicable) divided by
  average invested assets.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the operating income before credit loss expense or recovery of the business
  in relation to invested assets.</font></p>
  </td>
 </tr>
<tr style="height:42.55pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:42.55pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Net interest margin (bps)</font></b></p>
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">&#8211; P&amp;C</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:42.55pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as net interest income
  (annualized as applicable) divided by average loans.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:42.55pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the profitability of the business by calculating the difference between the
  price charged for lending and the cost of funding, relative to loan value.</font></p>
  </td>
 </tr>
<tr style="height:34.0pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Net margin on invested assets
  (bps)</font></b></p>
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">&#8211; GWM, AM</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as operating profit
  before tax (annualized as applicable) divided by average invested assets.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the operating profit before tax of the business in relation to invested
  assets.</font></p>
  </td>
 </tr>
<tr style="height:42.95pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:42.95pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Net new business volume growth
  (%)</font></b></p>
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">&#8211; P&amp;C</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:42.95pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as total net inflows and
  outflows of client assets and loans during the period (annualized as
  applicable) divided by total business volume / client assets at the beginning
  of the period.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:42.95pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the growth of the business volume as a result of net new business volume
  flows during a specific period.</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0cm;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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 <table cellpadding=0 cellspacing=0 style="width:100%;">
 <tr>
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     <p style="border:none;margin:0cm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></font></p>
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<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:17.1pt;page-break-inside:avoid;">
  <td width=30% style="background:#595959;border:none;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:solid white 1.5pt;height:17.1pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font color=white face="Frutiger 47 Light CN,sans-serif" style="font-size:9.0pt;line-height:8.25pt;">APM label</font></b></p>
  </td>
 <td width=35% style="background:#595959;border:none;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:solid white 1.5pt;height:17.1pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font color=white face="Frutiger 47 Light CN,sans-serif" style="font-size:9.0pt;line-height:8.25pt;">Calculation
  </font></b></p>
  </td>
 <td width=35% style="background:#595959;border-bottom:solid white 1.5pt;border-left:none;border-right:none;border-top:solid white 1.5pt;height:17.1pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font color=white face="Frutiger 47 Light CN,sans-serif" style="font-size:9.0pt;line-height:8.25pt;">Information
  content</font></b></p>
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font color=white face="Frutiger 47 Light CN,sans-serif" style="font-size:9.0pt;line-height:8.25pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:53.85pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:53.85pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Net profit growth (%)</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:53.85pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as the change in net
  profit attributable to shareholders from continuing operations between
  current and comparison periods divided by net profit attributable to
  shareholders from continuing operations of the comparison period.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:53.85pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  profit growth in comparison with the prior period.</font></p>
  </td>
 </tr>
<tr style="height:35.05pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:35.05pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Recurring income as a % of income
  </font></b></p>
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">&#8211; GWM</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:35.05pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as net interest income
  and recurring net fee income divided by operating income before credit loss
  expense or recovery.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:35.05pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the proportion of recurring income in operating income.</font></p>
  </td>
 </tr>
<tr style="height:34.0pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light Bold" lang=EN-US style="font-size:7.5pt;letter-spacing:-.1pt;line-height:9.0pt;">Return on common equity tier 1 capital (%)</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as annualized net profit
  attributable to shareholders divided by average common equity tier 1 capital.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the profitability of the business in relation to common equity tier 1
  capital. </font></p>
  </td>
 </tr>
<tr style="height:34.0pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Return on equity (%)</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as annualized net profit
  attributable to shareholders divided by average equity attributable to shareholders.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the profitability of the business in relation to equity.</font></p>
  </td>
 </tr>
<tr style="height:34.9pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.9pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Return on leverage ratio
  denominator, gross (%)</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.9pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as annualized operating
  income before credit loss expense or recovery divided by average leverage
  ratio denominator.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:34.9pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the revenues of the business in relation to leverage ratio denominator.</font></p>
  </td>
 </tr>
<tr style="height:34.0pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Return on risk-weighted <br>
  assets, gross (%)</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as annualized operating
  income before credit loss expense or recovery divided by average
  risk-weighted assets.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the revenues of the business in relation to risk-weighted assets.</font></p>
  </td>
 </tr>
<tr style="height:42.55pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:42.55pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Return on tangible equity (%)</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:42.55pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as annualized net profit
  attributable to shareholders divided by average equity attributable to
  shareholders less average goodwill and intangible assets.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:42.55pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  the profitability of the business in relation to tangible equity.</font></p>
  </td>
 </tr>
<tr style="height:25.95pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:25.95pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Total book value per share </font></b></p>
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">(USD and CHF<sup>1</sup>)</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:25.95pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as equity attributable to
  shareholders divided by the number of shares outstanding.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:25.95pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  net assets on a per-share basis.</font></p>
  </td>
 </tr>
<tr style="height:34.0pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Total tangible book value per share
  (USD and CHF<sup>1</sup>)</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as equity attributable to
  shareholders less goodwill and intangible assets divided by the number of
  shares outstanding.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:34.0pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information about
  tangible net assets on a per-share basis.</font></p>
  </td>
 </tr>
<tr style="height:25.5pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:25.5pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Loan penetration (%)</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:25.5pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as loans divided by
  invested assets.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:25.5pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information
  about the loan volume in relation to invested assets.</font></p>
  </td>
 </tr>
<tr style="height:25.5pt;page-break-inside:avoid;">
  <td valign=top width=30% style="background:#BEBEBE;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:25.5pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Mandate penetration (%)</font></b></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border-bottom:solid white 1.5pt;border-left:none;border-right:solid white 1.5pt;border-top:none;height:25.5pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">Calculated as mandate volume divided
  by invested assets.</font></p>
  </td>
 <td valign=top width=35% style="background:#E6E6E6;border:none;border-bottom:solid white 1.5pt;height:25.5pt;padding:1.4pt 0cm 0cm 0cm;">
  <p style="margin-bottom:0cm;margin-left:2.85pt;margin-right:2.85pt;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:9.0pt;">This measure provides information
  about mandate volume in relation to invested assets.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;margin-bottom:.0001pt;margin-top:3.0pt;text-align:justify;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:5.0pt;font-style:normal;line-height:7.5pt;">1</font></b><sup><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;line-height:7.5pt;"> &nbsp;</font></sup><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;line-height:7.5pt;">Total book value per share and total tangible book value per share
in Swiss francs are calculated based on a translation of equity under our US
dollar presentation currency.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:3.0pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;line-height:7.5pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Abbreviations_frequently_used_EN"></a><a name=Abbreviations></a></p>
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<font face="Frutiger 45 Light,sans-serif" style="mso-ansi-language:EN-US;mso-bidi-font-family:Times New Roman;mso-bidi-font-size:10.0pt;mso-bidi-language:AR-SA;mso-fareast-font-family:Times New Roman;mso-fareast-language:DE;">&nbsp;</font>
  <p align=right style="border:none;margin:0cm;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;"><font style="mso-spacerun:yes;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&nbsp;</font></font><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;"><font style="mso-no-proof:yes;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">109</font></font></font><font style="border:none;mso-no-proof:yes;"><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 color=windowtext style="border:none;">&nbsp;</font></p>

</DIV>
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<div v:shape="Text_x0020_Box_x0020_5" style="behavior:url(#default#VML);padding:3.6pt 7.2pt 3.6pt 7.2pt;">
     <p style="border:none;margin:0cm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></font></p>
     </div>

     </td>
 </tr>
<tr>
  <td colspan=1 style="border:none;">&nbsp;</td>
 </tr>
</table>
 </font><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">Appendix</font></font><font style="border:none;">&nbsp;</font>

</DIV>
<p style="margin:0cm;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>

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

<p style="border:none;margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;padding:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:14.0pt;line-height:16.0pt;">Abbreviations frequently used in our
financial reports<a name="Abbreviations_bclEnd"></a><a name="Abbreviations_frequently_used_EN_bclEnd"></a></font></p>

</div>


<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black 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-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">A</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">ABS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; asset-backed
securities</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">AEI&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; automatic
exchange of information</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">AGM&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Annual General Meeting
of shareholders</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">A-IRB&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; advanced internal <br>
ratings-based</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">AIV&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; alternative
investment vehicle</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">ALCO&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Asset and Liability
Committee</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">AMA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; advanced
measurement approach</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">AML &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; anti-money
laundering</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">AoA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Articles of
Association</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">APAC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Asia Pacific</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">APM&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; alternative
performance measure</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">ARR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; alternative
reference rate</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">ARS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; auction rate
securities</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">ASF &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; available stable
funding</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">AT1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; additional tier 1</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">AuM &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; assets under
management</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:0cm;"><font color=black 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:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">B</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">BCBS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Basel Committee on
<br>
Banking Supervision</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">BEAT&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; base erosion and
anti-abuse tax</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">BIS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Bank for
International Settlements</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">BoD&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Board of
Directors</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">BVG&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Swiss occupational
<br>
pension plan</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:0cm;"><font color=black 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:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">C</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CAO &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Capital Adequacy
Ordinance</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CCAR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Comprehensive
Capital Analysis and Review</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CCF&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; credit conversion
factor</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CCP&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; central
counterparty</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CCR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; counterparty
credit risk</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CCRC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Corporate Culture
and Responsibility Committee</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CCyB&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; countercyclical
buffer</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CDO&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; collateralized
debt <br>
obligation</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CDS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; credit default
swap</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CEA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Commodity
Exchange Act</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

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


</font><p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CEM&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; current exposure
method</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CEO&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief Executive
Officer</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CET1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; common equity tier
1</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CFO&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief Financial
Officer</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CFTC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; US Commodity
Futures Trading Commission</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CHF&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Swiss franc</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CIC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Corporate &amp;
Institutional Clients</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CIO&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief Investment
Office</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CLS &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Continuous Linked
Settlement</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CMBS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; commercial
mortgage-backed security</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">C&amp;ORC &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Compliance &amp;
Operational Risk Control</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CRD IV&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; EU Capital
Requirements Directive of 2013</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CRM&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; credit risk mitigation
(credit risk) or comprehensive risk measure (market risk)</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CRR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Capital
Requirements Regulation</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CST&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; combined stress
test</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">CVA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; credit valuation
adjustment</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black 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-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:0cm;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">D</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">DBO&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; defined benefit
obligation</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">DCCP&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Deferred Contingent
Capital Plan </font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">DJSI&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Dow Jones
Sustainability Indices </font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">DM&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; discount margin</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">DOJ&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; US Department of
Justice</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">D-SIB&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; domestic
systemically important bank</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">DTA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; deferred tax
asset</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">DVA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; debit valuation
adjustment</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black 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:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">E</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EAD&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; exposure at
default</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EB&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Executive Board</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EBA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; European Banking
Authority</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; European
Commission</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">ECB&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; European Central
Bank</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">ECL&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; expected credit
loss</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EIR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; effective
interest rate</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EL&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; expected loss</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EMEA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Europe, Middle East
and Africa</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EOP&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Equity Ownership
Plan</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EPE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; expected
positive exposure</font></p>

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


</font></b><p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EPS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; earnings per
share</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">ESG &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; environmental, social
and governance</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">ETD&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; exchange-traded
derivatives</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">ETF&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; exchange-traded
fund</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EU&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; European Union</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EUR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; euro</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EURIBOR&#160;&#160;&#160;&#160;&#160;&#160;&#160; Euro Interbank Offered
Rate</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EVE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; economic value
of equity</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">EY&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Ernst &amp;
Young (Ltd)</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black 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-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:0cm;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">F</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">FA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; financial
advisor</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">FCA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; UK Financial
Conduct <br>
Authority</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">FCT&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; foreign currency
translation</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">FINMA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Swiss Financial
Market Supervisory Authority</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">FMIA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Swiss Financial
Market Infrastructure Act</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">FSB&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Financial
Stability Board</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">FTA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Swiss Federal
Tax Administration</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">FVA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; funding valuation
adjustment</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">FVOCI&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; fair value through other
comprehensive income</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">FVTPL&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; fair value through
profit or loss</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">FX&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; foreign
exchange</font></p>

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

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">GAAP&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; generally accepted <br>
accounting principles</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">GBP&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; pound sterling</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">GDP&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; gross domestic
product</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">GEB&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Group Executive
Board</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">GIA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Group Internal
Audit</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">GIIPS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Greece, Italy,
Ireland, <br>
Portugal and Spain </font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">GMD&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Group Managing
Director</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">GRI&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Global Reporting
Initiative</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">GSE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; government
sponsored entities</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">G-SIB&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; global
systemically important bank</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black 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:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">H</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">HQLA</font><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">high-quality
liquid assets</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">HR &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; human resources</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black 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 style="margin:0cm;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;">&nbsp;</font></p>

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

<p style="border:none;margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;padding:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:14.0pt;line-height:16.0pt;">Abbreviations frequently used in our
financial reports (continued)</font></p>

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

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">IAA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; internal
assessment approach</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">IAS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; International
Accounting Standards</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">IASB&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; International
Accounting Standards Board</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">IBOR &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; interbank offered
rate</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">IFRIC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; International
Financial Reporting Interpretations Committee</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">IFRS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; International
Financial Reporting Standards</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">IHC &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; intermediate
holding company</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">IMA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; internal models
approach</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">IMM&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; internal model
method</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">IRB&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; internal
ratings-based</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">IRC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; incremental risk
charge</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">IRRBB&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; interest rate risk
in the banking book</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">ISDA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; International
Swaps and Derivatives Association</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black 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:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">K</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">KRT&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Key Risk Taker</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black 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:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">L</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">LAS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; liquidity-adjusted
stress</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">LCR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; liquidity
coverage ratio</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">LGD&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; loss given
default</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">LIBOR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; London Interbank
Offered Rate</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">LLC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; limited
liability company</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">LRD&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; leverage ratio
denominator</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">LTIP&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Long-Term
Incentive Plan</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">LTV&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; loan-to-value</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black 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-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">M</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">M&amp;A&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; mergers and
acquisitions</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;font-weight:normal;line-height:11.5pt;">MiFID II&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Markets in Financial Instruments Directive II</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;font-weight:normal;line-height:11.5pt;">MRT&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Material Risk Taker</font></p>

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

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


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

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">NAV&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; net asset value</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">NCL&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Non-core and
Legacy Portfolio</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">NII&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; net interest
income</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">NRV&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; negative
replacement value</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">NSFR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; net stable funding
ratio</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">NYSE &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; New York Stock
Exchange</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black 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-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">O</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">OCA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; own credit
adjustment</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">OCI&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; other
comprehensive income</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">OTC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; over-the-counter</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black 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:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">P</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">PD&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; probability of
default&#160;&#160; </font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">PFE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; potential future
exposure</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">PIT&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; point in time</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">P&amp;L&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; profit or
loss</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">POCI &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; purchased or
originated credit-impaired</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">PRA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; UK Prudential
Regulation Authority </font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">PRV&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; positive
replacement value</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black 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:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Q</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">QRRE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; qualifying revolving
retail exposures</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:0cm;"><b><font color=black 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-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">R</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">RBA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; role-based
allowances</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">RBC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; risk-based
capital</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">RbM&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; risk-based
monitoring</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">RMBS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; residential
mortgage-backed securities</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">RniV&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; risks not in VaR</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">RoAE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; return on
attributed equity</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">RoCET1 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; return on CET1
capital</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">RoTE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; return on tangible
equity</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">RoU&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; right-of-use</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">RV&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; replacement
value</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">RW&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; risk weight</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">RWA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; risk-weighted
assets</font></p>

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

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; standardized
approach</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SA-CCR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; standardized approach
for counterparty credit risk</font></p>

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


</font></b><p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SAR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; stock
appreciation right or Special Administrative Region</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SBC &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Swiss Bank
Corporation</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SDG &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Sustainable
Development Goal</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; structured
entity</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SEC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; US Securities and
Exchange Commission</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SEEOP&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Senior Executive
Equity Ownership Plan </font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SFT&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; securities
financing transaction</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SI&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; sustainable
investing</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SICR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; significant
increase in credit risk</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SIX &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; SIX Swiss
Exchange</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SME&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; small and
medium-sized corporate</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SMF&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Senior
Management Function</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SNB&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Swiss National
Bank</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SPPI&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; solely payments
of principal and interest</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SRB&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; systemically
relevant bank</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SRM&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; specific risk
measure</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">SVaR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; stressed
value-at-risk</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black 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-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">T</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">TBTF&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; too big to fail</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">TCJA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; US Tax Cuts and
Jobs Act</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">TLAC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; total
loss-absorbing capacity</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">TTC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; through-the-cycle</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black 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:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">U</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS RESI&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; UBS Real Estate
Securities Inc.</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UoM&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; units of measure </font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">USD&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; US dollar</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black 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:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">V</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">VaR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; value-at-risk</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">VAT&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; value added tax</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black 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:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">W</font></b></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">WEKO&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Swiss Competition
Commission</font></p>

<p style="margin-bottom:0cm;margin-left:53.85pt;margin-right:0cm;margin-top:0cm;text-indent:-53.85pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>








<p style="margin:0cm;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:0cm;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;">This is a general list of the
abbreviations frequently used in our financial reporting. Not all of the listed
abbreviations may appear in this particular report.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><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-bottom:30.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">Information sources <a name="Information_sources_bclEnd"></a><a name="Information_sources_EN_bclEnd"></a></font></p>








<p style="margin-bottom:11.3pt;margin-left:0cm;margin-right:0cm;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;">Reporting publications</font></b></p>

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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Annual Report (SAP
No. 80531):</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> Published in English, this
single-volume report provides descriptions of: our Group strategy and
performance; the strategy and performance of the business divisions and Group
Functions; risk, treasury and capital management; corporate governance,
corporate responsibility and our compensation framework, including information
about compensation for the Board of Directors and the Group Executive Board
members; and financial information, including the financial statements. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Gesch&#228;ftsbericht
(SAP No. 80531):</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> This publication provides the
translation into German of our Annual Report. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Annual Review (SAP
No. 80530):</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> This booklet contains key
information about our strategy and performance, with a focus on corporate
responsibility at UBS. It is published in English, German, French and Italian. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Compensation
Report (SAP No. 82307):</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> This report discusses
our compensation framework and provides information about compensation for the
Board of Directors and the Group Executive Board members. It is available in
English and German.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><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:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Quarterly
publications</font></b><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:0cm;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 quarterly financial report
provides an update on our strategy and performance for the respective quarter.
It is available in English.</font></p>

<p style="margin:0cm;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:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">How to order
publications</font></b></p>

<p style="margin:0cm;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 annual and quarterly publications
are available in .pdf format at </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">www.ubs.com/investors</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">,
under &#8220;UBS Group AG and UBS AG financial information&#8221;, and printed copies can
be requested from UBS free of charge. For annual publications, refer to the
&#8220;Investor services&#8221; section at </font><i><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">www.ubs.com/investors</font></i><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;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;">Alternatively, they can be ordered by quoting the SAP
number and the language preference, where applicable, from UBS AG, F4UK&#8211;AUL,
P.O. Box, CH-8098 Zurich, Switzerland. </font></p>

<p style="margin:0cm;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>

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

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

<p style="margin:0cm;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 &#8220;Investor Relations&#8221; website at </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">www.ubs.com/investors&nbsp;</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> provides the following information about
UBS: news releases; financial information, including results-related filings
with the US Securities and Exchange Commission; information for shareholders,
including UBS share price charts, as well as data and dividend information, and
for bondholders; the UBS corporate calendar; and presentations by management
for investors and financial analysts. Information about the internet is
available in English, with some information also available in German.</font></p>

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

<p style="margin:0cm;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;">Our quarterly results presentations
are webcast live. Playbacks <br>
of most presentations can be downloaded from </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">www.ubs.com/presentations</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:0cm;margin-bottom:.0001pt;text-align:justify;"><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:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">Messaging service</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">Email
alerts to news about UBS can be subscribed for under </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#8220;</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">UBS news alert&#8221; at </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">www.ubs.com/global/en/investor-relations/contact/<br>
investor-services.html</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:11.5pt;">. Messages are sent in English, German, French or
Italian, with an option to select theme preferences for such alerts.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><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:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Form 20-F and other
submissions to the US Securities and Exchange Commission</font></b></p>

<p style="margin:0cm;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;">We file periodic reports and submit
other information about UBS to the US Securities and Exchange Commission (the
SEC). Principal among these filings is the annual report on Form 20-F, filed
pursuant to the US Securities Exchange Act of 1934. The filing of Form 20-F is
structured as a wrap-around document. Most sections of the filing can be
satisfied by referring to the combined UBS Group AG and UBS AG annual report.
However, there is a small amount of additional information in Form 20-F that is
not presented elsewhere and is particularly targeted at readers in the US.
Readers are encouraged to refer to this additional disclosure. Any document
that we file with the SEC is available on the SEC&#8217;s website: </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">www.sec.gov</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">. Refer to </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">www.ubs.com/investors&nbsp;</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">
for more information.</font></p>

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

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

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

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

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Cautionary_statement_EN"></a><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:0cm;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>

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<p style="border:none;margin:0cm;margin-bottom:8.0pt;padding:0cm;text-align:justify;"><a name="Cautionary_statement_EN_bclEnd"></a><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Cautionary
Statement Regarding Forward-Looking Statements |</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">
This report contains statements that constitute &#8220;forward-looking statements,&#8221;
including but not limited to management&#8217;s outlook for UBS&#8217;s financial
performance and statements relating to the anticipated effect of transactions
and strategic initiatives on UBS&#8217;s business and future development. While these
forward-looking statements represent UBS&#8217;s judgments and expectations
concerning the matters described, a number of risks, uncertainties and other
important factors could cause actual developments and results to differ
materially from UBS&#8217;s expectations. The outbreak of COVID-19 and the measures
being taken globally to reduce the peak of the resulting pandemic will likely
have a significant adverse effect on global economic activity, including in
China, the United States and Europe, and an adverse effect on the credit
profile of some of our clients and other market participants, which may result
in an increase in expected credit loss expense and credit impairments. The
unprecedented scale of the measures to control the COVID-19 outbreak create
significantly greater uncertainty about forward-looking statements in addition
to the factors that generally affect our businesses, but not limited to: (i)
the degree to which UBS is successful in the ongoing execution of its strategic
plans, including its cost reduction and efficiency initiatives and its ability
to manage its levels of risk-weighted assets (RWA) and leverage ratio
denominator (LRD), liquidity coverage ratio and other financial resources, including
changes in RWA assets and liabilities arising from higher market volatility and
other changes related to the COVID-19 pandemic; (ii) the degree to which UBS is
successful in implementing changes to its businesses to meet changing market,
regulatory and other conditions; (iii)&nbsp;the continuing low or negative
interest rate environment in Switzerland and other jurisdictions; (iv) developments
(including as a result of the COVID-19 pandemic) in the macroeconomic climate
and in the markets in which UBS operates or to which it is exposed, including
movements in securities prices or liquidity, credit spreads, and currency
exchange rates, and the effects of economic conditions, market developments,
and geopolitical tensions, and changes to national trade policies on the
financial position or creditworthiness of UBS&#8217;s clients and counterparties as
well as on client sentiment and levels of activity; (v)&nbsp;changes in the
availability of capital and funding, including any changes in UBS&#8217;s credit
spreads and ratings, as well as availability and cost of funding to meet
requirements for debt eligible for total loss-absorbing capacity (TLAC); (vi)
changes in or the implementation of financial legislation and regulation in
Switzerland, the US, the UK, the European Union and other financial centers
that have imposed, or resulted in, or may do so in the future, more stringent
or entity-specific capital, TLAC, leverage ratio, net stable funding ratio,
liquidity and funding requirements, heightened operational resilience
requirements, incremental tax requirements, additional levies, limitations on
permitted activities, constraints on remuneration, constraints on transfers of
capital and liquidity and sharing of operational costs across the Group or
other measures, and the effect these will or would have on UBS&#8217;s business
activities; (vii) the degree to which UBS is successful in implementing further
changes to its legal structure to improve its resolvability and meet related
regulatory requirements and the potential need to make further changes to the
legal structure or booking model of UBS Group in response to legal and
regulatory requirements, proposals in Switzerland and other jurisdictions for
mandatory structural reform of banks or systemically important institutions or
to other external developments, and the extent to which such changes will have
the intended effects; (viii) UBS&#8217;s ability to maintain and improve its systems
and controls for the detection and prevention of money laundering and
compliance with sanctions to meet evolving regulatory requirements and
expectations, in particular in the US; (ix) the uncertainty arising from the UK&#8217;s
exit from the EU; (x) changes in UBS&#8217;s competitive position, including whether
differences in regulatory capital and other requirements among the major
financial centers will adversely affect UBS&#8217;s ability to compete in certain
lines of business; (xi) changes in the standards of conduct applicable to our
businesses that may result from new regulations or new enforcement of existing
standards, including recently enacted and proposed measures to impose new and
enhanced duties when interacting with customers and in the execution and
handling of customer transactions; (xii) the liability to which UBS may be
exposed, or possible constraints or sanctions that regulatory authorities might
impose on UBS, due to litigation, contractual claims and regulatory
investigations, including the potential for disqualification from certain
businesses, potentially large fines or monetary penalties, or the loss of
licenses or privileges as a result of regulatory or other governmental
sanctions, as well as the effect that litigation, regulatory and similar
matters have on the operational risk component of our RWA as well as the amount
of capital available for return to shareholders; (xiii) the effects on UBS&#8217;s
cross-border banking business of tax or regulatory developments and of possible
changes in UBS&#8217;s policies and practices relating to this business; (xiv) UBS&#8217;s
ability to retain and attract the employees necessary to generate revenues and
to manage, support and control its businesses, which may be affected by
competitive factors; (xv)&nbsp;changes in accounting or tax standards or
policies, and determinations or interpretations affecting the recognition of
gain or loss, the valuation of goodwill, the recognition of deferred tax assets
and other matters; (xvi) UBS&#8217;s ability to implement new technologies and
business methods, including digital services and technologies, and ability to
successfully compete with both existing and new financial service providers,
some of which may not be regulated to the same extent; (xvii) limitations on
the effectiveness of UBS&#8217;s internal processes for risk management, risk
control, measurement and modeling, and of financial models generally; (xviii)
the occurrence of operational failures, such as fraud, misconduct, unauthorized
trading, financial crime, cyberattacks and systems failures, the risk of which
is increased while COVID-19 control measures require large portions of the
staff of both UBS and its service providers to work remotely; (xix)
restrictions on the ability of UBS Group AG to make payments or distributions,
including due to restrictions on the ability of its subsidiaries to make loans
or distributions, directly or indirectly, or, in the case of financial
difficulties, due to the exercise by FINMA or the regulators of UBS&#8217;s
operations in other countries of their broad statutory powers in relation to
protective measures, restructuring and liquidation proceedings; (xx) the degree
to which changes in regulation, capital or legal structure, financial results
or other factors may affect UBS&#8217;s ability to maintain its stated capital return
objective; and (xxi) the effect that these or other factors or unanticipated
events may have on our reputation and the additional consequences that this may
have on our business and performance. The sequence in which the factors above
are presented is not indicative of their likelihood of occurrence or the
potential magnitude of their consequences. Our business and financial
performance could be affected by other factors identified in our past and
future filings and reports, including those filed with the SEC. More detailed
information about those factors is set forth in documents furnished by UBS and
filings made by UBS with the SEC, including UBS&#8217;s Annual Report on Form 20-F
for the year ended 31&nbsp;December 2019. UBS is not under any obligation to
(and expressly disclaims any obligation to) update or alter its forward-looking
statements, whether as a result of new information, future events, or
otherwise.</font></p>

<p style="border:none;margin:0cm;margin-bottom:8.0pt;padding:0cm;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;">Rounding |</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 report may not add up precisely to the totals
provided in the tables and text. Percentages and percent changes are calculated
on the basis of unrounded figures. Information about absolute changes between
reporting periods, which is provided in text and which can be derived from
figures displayed in the tables, is calculated on a rounded basis.</font></p>

<p style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;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;">Tables |</font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;"> Within tables, blank fields
generally indicate that the field is not applicable or not meaningful, or that
information is not available as of the relevant date or for the relevant
period. Zero values generally indicate that the respective figure is zero on an
actual or rounded basis. Percentage changes are presented as a mathematical
calculation of the change between periods.</font></p>



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<p style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">Risk factor</font></b></p>

<p style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">Our results of operations and
financial condition have been, and will likely continue to be, adversely
affected by the COVID-19 pandemic.</font></b></p>

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

<p style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">The spread of the coronavirus
disease (COVID-19) pandemic and the governmental measures taken to contain the
pandemic have significantly adversely affected, and will likely continue to
adversely affect, global economic conditions, resulting in meaningful
contraction in the global economy, substantial volatility in the financial
markets, increased unemployment, increased credit and counterparty risk, and
operational challenges such as the temporary closures of businesses,
sheltering-in-place directives and increased remote work protocols. Governments
and central banks around the world have reacted to the economic crisis caused
by the pandemic by implementing stimulus and liquidity programs and cutting
interest rates, though it is unclear whether these or future actions will be
successful in countering the economic disruption. If the pandemic is prolonged
or the actions of governments and central banks are unsuccessful, the adverse
impact on the global economy will deepen, and our results of operations and
financial condition in future quarters will be adversely affected. </font></p>

<p style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">As of April 2020, the COVID-19
pandemic has affected all of our businesses, and these effects will likely be
greater in future quarters if adverse conditions persist. These effects have
included declines in asset prices, significantly increased volatility, lower or
negative interest rates, widening of credit spreads and credit deterioration.
These effects have resulted in decreases in the valuation of loans and
commitments, an increase in the allowance for credit losses, lower valuations
of certain classes of trading assets, and reduced net interest income due to
lower interest rates. While these effects were offset by high levels of client
trading activity in the first quarter of 2020, this level of activity may not
persist in future quarters.</font></p>

<p style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&#160; &nbsp;</font></p>

<p style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">Should these global market
conditions be prolonged or worsen, or the pandemic lead to additional market
disruptions, we may experience reduced client activity and demand for our
products and services, increased utilization of lending commitments, more
client defaults, higher credit and valuation losses in our loan portfolios,
loan commitments and other assets, and impairments of other financial assets.
In addition, the sharp decline in interest rates will further decrease [net]
interest margins. A decline in invested assets will also reduce recurring fee
income in our Global Wealth Management and Asset Management businesses. These
factors and other consequences of the COVID-19 pandemic may negatively affect
our financial condition, including possible constraints on capital and
liquidity, as well as a higher cost of capital, and possible changes or
downgrades to our credit ratings</font></p>

<p style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">Although we have moved a substantial
portion of our workforce to work-from-home solutions, including client-facing
and trading staff, if significant portions of our workforce, including key
personnel, are unable to work effectively because of illness, government
actions, or other restrictions in connection with the pandemic, the adverse
effects of the pandemic on our businesses could be exacerbated. In addition,
with most of our staff working from outside our offices, we face new challenges
and operational risks, including maintenance of supervisory and surveillance
controls, as well as increased fraud and data security risks. While we have
taken measures to manage these risks, such measures have never been tested on
the scale or duration that we are currently experiencing, and there is risk
that these measures will not be effective in the current unprecedented
operating environment.</font></p>

<p style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="background:white;margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">The extent to which the pandemic,
and the related economic distress, affect our businesses, results of operations
and financial condition, as well as our regulatory capital and liquidity
ratios, will depend on future developments that are highly uncertain and cannot
be predicted, including the scope and duration of the pandemic and any recovery
period, future actions taken by governmental authorities, central banks and
other third parties in response to the pandemic, and the effects on our
customers, counterparties, employees and third-party service providers.
Moreover, the effects of the pandemic may heighten the other risks described in
the &#8220;Risk Factors&#8221; section of our Annual Report 2019 and in our First Quarter
2020 Report.</font></p>

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





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 <p style="border:none;margin:0cm;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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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_121"></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:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin-bottom:12.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:0cm;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">This Form 6-K is hereby incorporated by reference into (1) each of
the registration statements of UBS AG on Form F-3 (Registration Number
333-225551) and on Form F-4 (Registration Number 333-234705), and of UBS Group
AG on Form S-8 (Registration Numbers 333-200634; 333-200635; 333-200641; 333-200665;
333-215254; 333-215255; and 333-228653), and into each prospectus outstanding
under any of the foregoing registration statements, (2) any outstanding
offering circular or similar document issued or authorized by UBS AG that
incorporates by reference any Form 6-K&#8217;s of UBS AG that are incorporated into
its registration statements filed with the SEC, and (3) the base prospectus of
Corporate Asset Backed Corporation (&#8220;CABCO&#8221;) dated June 23, 2004 (Registration
Number 333-111572), the Form 8-K of CABCO filed and dated June 23, 2004 (SEC
File Number 001-13444), and the Prospectus Supplements relating to the CABCO
Series 2004-101 Trust dated May 10, 2004 and May 17, 2004 (Registration Number
033-91744 and 033-91744-05).</font></p>





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 <p style="border:none;margin:0cm;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 color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>

</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">SIGNATURES</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></b></p>

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

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

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

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

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;layout-grid-mode:line;">By: </font><u><font face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;layout-grid-mode:line;">_/s/&#160;&#160; Sergio Ermotti</font></u><u><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">_______________&nbsp;</font></u></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;layout-grid-mode:line;">Name:&#160; Sergio Ermotti</font></p>

<p style="margin:0cm;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; Group Chief
Executive Officer </font></p>

<p style="margin:0cm;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:0cm;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:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;layout-grid-mode:line;">By: </font><u><font face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;layout-grid-mode:line;">_/s/ Kirt Gardner__________________</font></u></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;layout-grid-mode:line;">Name:&#160; Kirt Gardner</font></p>

<p style="margin:0cm;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; Group Chief
Financial Officer</font></p>

<p style="margin:0cm;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:0cm;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:0cm;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/ Todd Tuckner_________________</font></u></p>

<p style="margin:0cm;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;">&#160;&#160;&#160;&#160;&#160; Name: Todd Tuckner</font></p>

<p style="margin:0cm;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;">&#160;&#160;&#160;&#160;&#160; Title: Group Controller and</font></p>

<p style="margin:0cm;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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief Accounting Officer</font></p>

<p style="margin:0cm;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:0cm;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:0cm;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:0cm;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:0cm;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:0cm;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:0cm;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:0cm;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/&#160;&#160; Sergio Ermotti_______________</font></u></p>

<p style="margin:0cm;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; Sergio Ermotti</font></p>

<p style="margin:0cm;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; President of the
Executive Board</font></p>

<p style="margin:0cm;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:0cm;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:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;layout-grid-mode:line;">By: </font><u><font face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;layout-grid-mode:line;">_/s/ Kirt Gardner__________________</font></u></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;layout-grid-mode:line;">Name:&#160; Kirt Gardner</font></p>

<p style="margin:0cm;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; Chief Financial
Officer</font></p>

<p style="margin:0cm;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:0cm;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:0cm;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/ Todd Tuckner_________________</font></u></p>

<p style="margin:0cm;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;">&#160;&#160;&#160;&#160;&#160; Name: Todd Tuckner</font></p>

<p style="margin:0cm;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;">&#160;&#160;&#160;&#160;&#160; Title: Group Controller and </font></p>

<p style="margin:0cm;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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief Accounting Officer</font></p>

<p style="margin:0cm;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:0cm;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:0cm;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:0cm;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:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">Date:&#160; April 28, 2020</font></p>

<p style="margin:0cm;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 align=center style="margin-bottom:12.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;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;">&nbsp;</font></p>




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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
