I certify that I am the holder of an Australian Financial Services License, or that I am an authorized representative under such an AFSL.

Important: Alpha EVOLUTION is issued by UBS Bank AG by a PDS dated 13 November 2008 and is arranged by Alpha Structured Investments P/L AFSL 290054. Investors should read the Product Disclosure Statement for Alpha EVOLUTION dated 13 November 2008 and issued by UBS in full and carefully consider the detailed description of the arrangements and risks in the PDS before deciding whether to apply for Alpha EVOLUTION. Prior to the maturity of the Alpha EVOLUTION investment the value of Alpha EVOLUTION will be affected by various market factors such as interest rates, shares and option prices and volatility, the creditworthiness of UBS and the time remaining to Maturity Date. As a result and as indicated above there is no assurance that an Alpha EVOLUTION investor that sells their Alpha EVOLUTION investment prior to maturity will receive a price equal to or in excess of the Alpha EVOLUTION investors original investment amount. No capital protection is provided to Alpha EVOLUTION investors if they sell their Alpha EVOLUTION investment prior to the maturity date. A copy of the Product Disclosure Statement can be obtained by contacting your financial adviser, stockbroker or Alpha Structured Investments. Like all investments, investments in the Alpha EVOLUTION involve some risks. The risks include general market risks and risks which are specific to Alpha EVOLUTION. Please ensure you have read and understood the Risk Factors which are set out in that PDS. No action should be taken on the basis of or in reliance on the information, opinions or conclusions contained in this document. In preparing the information in this document, Alpha Structured Investments did not take into account the investment objectives, financial situation or particular needs of any particular investor. Before making a decision to invest, investors should consider the appropriateness of the product having regard to their relevant personal circumstances. Investors should read the PDS in full and carefully consider the detailed description of the arrangements and risks in the PDS before deciding whether to apply for Alpha EVOLUTION. This document is not, and is not intended to be, an offer or invitation for subscription or sale, or a recommendation, with respect to any proposed offering of Alpha EVOLUTION or any other securities, nor is it to form the basis of any contract or commitment. Once you have read and understood the PDS you can apply by completing the Application Form in the PDS and sending it to your financial adviser. The minimum application amount is $10,000 with multiples of $1,000 after that. You should consult your investment adviser before you invest in Alpha EVOLUTION.