Union Bank of California Decreases Reference Rate to 6.50 Percent

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Tue Jan 22, 2008 2:00pm EST 

SAN FRANCISCO--(Business Wire)--Union Bank of California, N.A., announced today (Jan. 22) that it
has lowered its reference rate to 6.50 percent from 7.25 percent.
Based in San Francisco, UnionBanCal Corporation (NYSE: UB) is a bank
holding company with assets of $54.3 billion at September 30, 2007.
Its primary subsidiary, Union Bank of California, N.A., had 323
banking offices in California, Oregon and Washington, and 2
international offices at September 30, 2007. The company's Web site is
located at www.unionbank.com.

Union Bank of California, N.A.
Stephen Johnson, 415-765-3252
Stephen.Johnson@uboc.com
Sharon Woodson-Bryant, 213-236-4145
Sharonw.bryant@uboc.com

Copyright Business Wire 2008
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