UBS Global Allocation Trust announces fourth quarter distribution

    TORONTO, Dec. 18 /CNW/ - UBS Global Allocation Trust (TSX: GAT.UN), an
investment trust trading on The Toronto Stock Exchange, today announced that
it will make an estimated distribution of $1.51 composed of 1.39 capital gain
and 0.12 in income per unit, payable on December 31, 2007, to all unitholders
of record as of December 31, 2007. The exact amount of the distribution will
not be available until after December 31, 2007. A press release will be issued
at that time.
    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

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

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