London, 6 June 2011

UBS today announced that its Fixed Income, Currencies and Commodities (FICC) division will offer clients price risk management solutions in European natural gas and emissions and that it has appointed BP as its preferred hedging counterparty for these trades.

This is the latest development of the bank's stated aim to expand its commodities footprint and is a key addition to its existing range of commodities products and services across agriculture, base metals, oil derivatives and commodity index investments e.g. Dow Jones UBS Commodity indices and the UBS Bloomberg CMCI index.

Jean Bourlot, Global Head of Commodities said: "This really is a fantastic addition to our commodities offering as we give clients access to hedging solutions in traded European gas hubs and  emission certificates through our trading relationship with one of the leading players in this market. By expanding our commodities offering further we are yet again showing our institutional and wealth management clients that we are truly committed to growing our commodities franchise".

The additional underlying assets on which clients can hedge risk include European Emission Certificates and the following European Gas:

* Baumgarten (Central European Gas Hub)

* Gaspool (Germany)

* NCG (NetConnect Germany)

* NBP (National Balancing Point UK)

* TTF (Title Transfer Facility Netherlands)

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