UBS Global Allocation Trust announces final fourth quarter distribution



    TORONTO, Dec. 28 /CNW/ - UBS Global Allocation Trust (TSX: GAT.UN), an
investment trust trading on The Toronto Stock Exchange, today announced that
the distribution announced on December 20, 2007 has been finalized to a
distribution of $1.42044636 composed of the regular distribution of $0.125 and
a special distribution of $1.29544636 of capital gain per unit, payable on
December 31, 2007, to all unitholders of record as of December 31, 2007.
    The investment strategies of UBS Global Allocation Trust are: (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.

    UBS Global Asset Management is one of the world's leading asset managers,
providing traditional, alternative and real estate investment management
solutions to private clients, financial intermediaries and institutional
investors worldwide. Invested assets totaled some 796.77 billion as of
September 30, 2007, making the firm one of the largest global institutional
asset managers(1).
    With just under 3,500 employees, located in 23 countries, UBS Global
Asset Management is a truly global firm. The main offices are in Basel,
Chicago, Frankfurt, Grand Cayman, Hartford, Hong Kong, London, Luxembourg, New
York, Rio de Janeiro, Sydney, Tokyo, Toronto and Zurich.

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

    ---------------------------------
    Source: Lipper FundFlows Insight Report (as at 30 September 2007)





For further information:

For further information: UBS Global Asset Management (Canada) Co.
Unitholder Relations, 1-866-827-9300,
http://www.ubs.com/1/e/globalam/canada/retail/gat/press.html; For all media
inquiries, please contact Graeme Harris at (416) 345-7050

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UBS Global Allocation Trust

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