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Thursday 30 March, 2000


New Internet Launch

30 March 2000

UBS launches Internet trading after stock-exchange hours

Starting mid-May, UBS will enable its Internet customers (UBS 24h
Banking/Telebanking) to trade in SMI shares, UBS warrants on SMI stocks and the
SMI Index as well as in listed CHF bonds after the close of the stock market. 
Available weekdays from 5:15p.m. to 10 p.m. this new service named UBS MaX.
('Market after Exchange') is being introduced in response to the growing demand
for flexibility among consumers, also with respect to managing their securities

Zurich/Basel, 30 March 2000 -- With this exclusive and innovative service, UBS
is enhancing its offering for clients who use its UBS 24h Banking/Telebanking
facilities. Starting mid-May, from Monday to Friday between 5:15 p.m. and 10
p.m. clients can trade after-hours in all SMI stocks, UBS warrants on SMI stocks
and the SMI Index as well as in Swiss-franc bonds listed on the Swiss Exchange.
UBS plans to continuously expand the range of tradable products. 

UBS now enables private investors to react to breaking developments in the world
markets outside normal trading hours. UBS guarantees fair prices and maximum
transparency for this after-exchange trading.  Prices can be accessed via UBS
Quotes, Reuters and Bloomberg. Orders issued in the 'Market after Exchange' up
to 10 p.m. will be executed and settled on the usual basis. 

With this new service designed to provide maximum convenience for its customers,
UBS is writing a new chapter in Switzerland's development as a financial
services centre. Extended trading hours are due to be introduced shortly in
other European centres.