United States, UBS and Switzerland Request Stay in Court Proceedings

WASHINGTON, July 12 /PRNewswire-USNewswire/ -- The Department of Justice, UBS
and the Swiss government have requested a stay with a rescheduled hearing date
of Aug. 3, 2009, in the proceedings for enforcement of the summons ordering
UBS to turn over records of account holders. The stay was requested in order
to provide the parties additional time to discuss a possible alternative
resolution of the matter.

The parties have agreed that any alternative resolution reached would
necessarily include a provision requiring UBS to provide the Internal Revenue
Service information on a significant number of individuals with UBS accounts.
If an alternative resolution is not reached, the Department of Justice will
continue to vigorously pursue enforcement of the summons through the court.

SOURCE U.S. Department of Justice

U.S. Department of Justice, +1-202-514-2007, WWW.USDOJ.GOV, TDD
+1-202-514-1888