UBS Global Allocation Trust announces third quarter distribution

    TORONTO, Sept. 22 /CNW/ - UBS Global Allocation Trust (TSX: GAT.UN), an
investment trust trading on The Toronto Stock Exchange, today announced that
it will make a quarterly distribution of CDN$0.125 per unit, payable on
September 30, 2008, to all unitholders of record as of September 30, 2008. It
is in accordance with the annual 5% stated distribution as indicated in the
prospectus dated February 26, 2004 based on the original price per unit of

    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 CAD 755.8 billion at 30 June
2008, making the firm one of the largest global institutional asset managers.
    With over 3,600 employees, located in 25 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

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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