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15 2010 . Approved by the Resolution of the Sole Participant of UBS Bank 15 April 2010 . ( ) Kurt R. Schmid (by proxi) ...

15 2010 .

Approved

by the Resolution of the Sole Participant

of UBS Bank

15 April 2010

________________

. ( )

Kurt R. Schmid (by proxi)

15 2010)

(

Code of Business Conduct and Ethics

of OOO UBS Bank

of April 15 2010)

(version

Preface This Code of Business Conduct and Ethics of OOO UBS Bank (hereinafter ( referred to as UBS) sets out the ) principles and practices that UBS , expects all of its employees and directors to follow unreservedly both in letter and in spirit. The Code is a tangible . demonstration of the importance the new , UBS attaches to responsible corporate behaviour and of the Board of Directors and the Executive Boards commitment , to it. .

The principles and standards set out in , the Code should characterise all our , business activities and all our dealings with our stakeholders including clients, colleagues, participants, regulators and business partners .



It is the basis for all , , , UBS policies, guidelines and statements , relating to each of our employees . personal commitment to appropriate and , responsible corporate behaviour. ,

   






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