Press release

Chain IQ takes over UBS's procurement

Chain IQ is to take over UBS's operational, tactical and strategic procurement

as well as the majority of the staff employed in this area, and is to open itself
up to additional client segments. As an independent, internationally active
company based in Switzerland, Chain IQ offers comprehensive end-to-end
procurement solutions for Swiss and international companies in the financial
sector and other areas. Clients benefit from significant cost savings, which are
achieved, among other things, through efficiency gains, economies of scale
and the bundling of purchase volumes.

(Zurich) 15.11.2013 Under a multi-year agreement concluded between Chain IQ and

UBS, Chain IQ has been appointed to provide procurement services for UBS in a total of
twelve countries. Chain IQ will take on the majority of the 210 employees who currently
work in UBS's Supply and Demand Management (SDM) unit. With the decision by UBS's
Group Executive Board to award Chain IQ the contract for its procurement activities,
the bank is implementing its announcement made at the end of 2012 to transfer SDM
into an independent unit, resulting in a new offering in the market for procurement
solutions.

This UBS spin-off will start in the first quarter of 2014 and will commence full
operational activities in the second half of the year. Chain IQ is based in Switzerland
and has branches in London, New York and Singapore. Over time, it will adapt its
geographical presence so that future clients can be provided with the best service. The
nomination process for the post of the CEO has been completed; the name will be
announced in the coming weeks. The nomination processes for the members of the
executive board are currently underway. Chairman of the Board of Directors and lead
investor of Chain IQ is entrepreneur Claudio Cisullo.

New market offering attracts considerable interest

Chain IQ provides an offering that is new to the market in this form. It combines both
operational and strategic procurement processes, making them more professional;
bundles purchase volumes in the consortium; and offers modular services, from
individual services through to comprehensive end-to-end procurement solutions. This
includes services in the sourcing areas of IT hardware and software, logistics, travel,
workplace, facility management, marketing, insurance cover, professional services and
real estate.
 Chain IQ takes over UBS's
procurement
15 November 2013
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With its state-of-the-art P2P platform, which is used by the company to consolidate and
manage its clients' purchasing activities, Chain IQ offers a complete procurement
outsourcing solution that is unique in the market. The company's clear strengths also
include its independence it is owned by private investors and its focus and
specialization on professional strategic end-to-end purchasing.

The procurement services offered by Chain IQ accommodate the trend in the

procurement sector for cost-optimized and professionalized purchasing in a consortium.
The clients targeted by Chain IQ as consortium partners can expect to generate
potential savings in the double- to three-digit million range. As such, the new offering
has attracted considerable interest in the market, meaning Chain IQ has already been
able to sign a number of letters of intent with interested clients. A number of other
discussions with potential clients from various industries are already at advanced
stages.

Claudio Cisullo, Chairman of the Board of Directors at Chain IQ: "With Chain IQ we
have not just created a new company with an innovative offering, but we have created
a new market. By completely outsourcing procurement, we are taking our clients to a
new level of professionalism, efficiency gains and cost savings in purchasing, which
allows them to focus on their core competencies. However, as an entrepreneur, I am
particularly proud of the fact that we maintain staff, and their expertise, in Switzerland,
the UK, the US and Singapore, and lead them into a new future."

Contact for media queries

Kurt Rossi
Farner Consulting AG
Oberdorfstrasse 28
8001 Zurich
chain-iq@farner.ch
+41 44 266 67 22