UBS Global Allocation Trust announces first quarter distribution



    TORONTO, March 20 /CNW/ - UBS Global Allocation Trust (TSX: GAT.UN), an
investment trust trading on The Toronto Stock Exchange, today announced that
it will make a distribution of $0.125 per unit, payable on March 30, 2007, to
all unitholders of record as of March 30, 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 $828 billion at 31 December
2006, 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

    --------------------------
    (1) Source: Lipper FundFlows Insight Report (as at 31 December 2006)




For further information:

For further information: UBS Global Asset Management (Canada) Co.
Unitholder Relations, 1-866-827-9300,
http://www.ubs.com/e/globalam/canada/allocation_fund.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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