I certify that I am the holder of an Australian Financial Services License, or that I am an authorized representative under such an AFSL.

Important: Alpha POWER Shares are offered through the Alpha CPS platform, providing investors with the benefit of an open ended investment. Investors may enter and exit on a monthly basis. This provides investors with more investment flexibility compared to ASX listed or more illiquid investments. Investors should read the Product Disclosure Statement in full and carefully consider the detailed description of the arrangements and risks in the PDS before deciding whether to apply for the Alpha POWER Shares.

You must read and understand the terms and conditions set out in the Product Disclosure Statement dated 19 December 2006 issued by BlackRock Investment Managers Ltd as Responsible Entity for the Alpha SMA (provided through the Merrill Lynch Separately Managed Accounts ARSN 114 818 530) in deciding whether to acquire Alpha POWER Shares. Prior to the maturity of the Alpha POWER Shares investment the value of Alpha POWER Shares will be affected by various market factors such as interest rates, shares and option prices and volatility, the creditworthiness of UBS AG and the time remaining to Maturity Date. As a result and as indicated above there is no assurance that an Alpha POWER Shares investor that sells their Alpha POWER Shares investment prior to maturity will receive a price equal to or in excess of the Alpha POWER Shares investors original investment amount. No capital protection is provided to Alpha POWER Shares investors if they sell their Alpha POWER Shares investment prior to the maturity date.A copy of the Product Disclosure Statement can be obtained by contacting your fi nancial adviser, stockbroker or Alpha Structured Investments. Like all investments, investments in the Alpha POWER Shares involve some risks. The risks include general market risks and risks which are specifi c to Alpha POWER Shares. Please ensure you have read and understood the Risk Factors which are set out in that PDS. No action should be taken on the basis of or in reliance on the information, opinions or conclusions contained in this document. In preparing the information in this document, Alpha Structured Investments did not take into account the investment objectives, fi nancial situation or particular needs of any particular investor. Before making a decision to invest, investors should consider the appropriateness of the product having regard to their relevant personal circumstances. Investors should read the PDS in full and carefully consider the detailed description of the arrangements and risks in the PDS before deciding whether to apply for Alpha POWER Shares. This document is not, and is not intended to be, an offer or invitation for subscription or sale, or a recommendation, with respect to any proposed offering of Alpha POWER Shares or any other securities, nor is it to form the basis of any contract or commitment. Once you have read and understood the PDS you can apply by completing the Application Form in the PDS and sending it to your fi nancial adviser or directly to Alpha Structured Investments. The minimum application amount is $25,000 with multiples of $10,000 after that. You should consult your investment adviser before you invest in Alpha POWER Shares.