Message From: UBS Financial Services Inc. | Ng) Sent: 4/10/2015 10:09:19 AM To: ee Subject: Important information and updated disclosures for your UBS Investment Advisory accounts . . Important information and updated disclosures for your UBS Investment Advisory accounts Notice The Form ADV Disclosure Brochure for your UBS Investment Advisory account(s) was Why this is important — recently updated. An updated Summary of Material Changes to the Form ADV These documents contain Disclosure Brochure and other important disclosures for your investment accounts and important information about our advisory services are now available for your review. investment advisory programs and services, including fees and how UBS and your Financial Advisor are compensated. UBS Summary of Material Changes to Form ADV Disclosure Brochure Please keep these for future reference. Questions ; - : : As the designated recipient of If you have questions, please contact your Financial Advisor. shareholder communications : - - a and account documents for We appreciate your relationship and look forward to continuing to serve your wealth your household, please share management needs. this information with other members of your household who have UBS Investment Advisory accounts. Disclosure We consider your enrollment and continued use of our e-Delivery services as your agreement with our Terms and Conditions. To see how we protect your personal information, please review our Privacy Policy. Please do not reply to this message. If you need assistance, please contact us by phone or e-mail as described above. 0134011478E CONFIDENTIAL UBSTERRAMARO0000967 EFTA00236637