Message From: UBS Financial Services Inc. [elert@ubs.com] Sent: 4/15/2018 6:08:38 AM To: Subject: Important information and updated disclosures for your UBS Investment Advisory accounts . . Important information and updated disclosures for your UBS Investment Advisory accounts The Form ADV Disclosure Brochure for your UBS Investment Advisory account(s) was recently updated. Attached are the UBS Summary of Material Changes to the Form ADV Disclosure Brochure and, if applicable, other important disclosures for your investment advisory accounts and services. Please review and retain for future reference. UBS Summary of Material Changes to Form ADV Disclosure Brochure Questions If you have questions, please contact your Financial Advisor. We appreciate your relationship and look forward to continuing to serve your wealth management needs. 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. 0242305000E CONFIDENTIAL Notice Why this is important These documents contain important information about our investment advisory programs and services, including fees and how UBS and your Financial Advisor are compensated. Please keep these for future reference. As the designated recipient of shareholder communications and account documents for your household, please share this information with other members of your household who have UBS Investment Advisory accounts. UBSTERRAMAR(O0003603 EFTA00238953