UBS GLOBAL ALLOCATION TRUST CHANGE TO INVESTMENT STRUCTURE

TORONTO, Feb. 11 /CNW/ - UBS Global Asset Management (Canada) Inc., as manager of the UBS Global Allocation Trust ("GAT" or the "Fund") would like to take this opportunity to inform unitholders that at a special meeting of the unitholders of GAT held on May 15, 2008, the unitholders voted for the expansion and optimization of the guidelines of GAT including approving the use of related funds when the investment would represent in excess of 10% of invested assets so long as there were no additional fees being paid to the manager. In this regard, as the GAT fund has further shrunk in size, in order to maintain the global diversification of the fund and to maintain the low fees of the Fund, the GAT will invest 100% of its assets in another fund using the same investment model (UBS (Canada) Global Allocation Fund ("GAF") - an 81-102 open ended mutual fund managed by UBS Global Asset Management (Canada) Inc.) The GAF Fund also has the same investment strategies of: (i) active global asset allocation across seven asset classes of global stocks and bonds; (ii) active security selection, based on a price/intrinsic value methodology; and (iii) an active global currency overlay.

Both the GAF and GAT's relative performance objective is to outperform the Global Securities Market Index (''GSMI''), hedged to Canadian dollars, over moving 4 year periods. The GSMI is produced internally from generally available indices and is a blended index incorporating percentages of various indices across certain capital markets.

UBS Global Asset Management (Canada) Inc. continues to believe that the strategy utilized by both the GAT and the GAF is an excellent way to achieve global diversification.

UBS Global Asset Management is a large scale asset manager with well diversified businesses across regions, capabilities and distribution channels. It offers investment capabilities and investment styles across all major traditional and alternative asset classes. These include equity, fixed income, currency, hedge fund, real estate and infrastructure investment capabilities that can also be combined in multi-asset strategies. The fund services unit provides professional services including legal fund set-up, accounting and reporting for traditional investment funds and alternative funds.

Invested assets totalled some CHF 559 billion (EUR 447 billion, GBP 383 billion, USD 598 billion, CAD 596 billion) at 31 December 2010. The firm is a leading fund house in Europe, the largest mutual fund manager in Switzerland and one of the largest fund of hedge funds and real estate investment managers in the world.

With around 3,500 employees, located in 24 countries, we are a truly global firm. Our main offices are in London, Chicago, Frankfurt, Hartford, Hong Kong, New York, Paris, Sydney, Tokyo, Toronto and Zurich.

SOURCE UBS Global Asset Management (Canada) Co.

For further information:

UBS Global Asset Management (Canada) Inc. Unitholder Relations
1-866-827-9300
http://www.ubs.com/1/e/globalam/Americas/canada/ca_retail.html

For all media inquiries, please contact Graeme Harris at (416) 345-7050

Would you like to receive this information electronically?
Please contact UBS Global Allocation Trust at tiffany.clay@ubs.com

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UBS Global Asset Management (Canada) Co.

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