UBS Investment Bank purchases AIG's Commodity Index Business

UBS investment Bank, one of the world’s leading financial banks, serving a discerning international client base, announced today that it has sign up an agreement to purchase the commodity index business of AIG Financial Products Corp, known as a world leader in insurance and financial services in more then 130 countries and jurisdictions. This commodity index business includes AIG’s rights to the DJ-AIG Commodity Index and is based on its commodity index swaps and funded notes.

The price of this purchase is $15 million, payable upon closing, subjected to a number of regulatory and other conditions, and additional payments of up to $135 million over the following 18 months based upon future earnings of the purchased business. No assurances can be given that any such conditions will be satisfied. The transaction supposed to be closed by May 2009.