29 August 2000
UBS's position in own shares below reporting limit of 5%
Zurich/Basel, 28 August 2000 - Due to a drop in the number of UBS shares
directly held for trading purposes, UBS's position in its own shares has fallen
below the stock exchange reporting limit of 5%. On 23 August 2000 UBS held 4.8%
of its registered shares in the form of shares and a potential 4.2% in the form
of derivatives. The position in shares includes those bought through the second
trading line and destined for cancellation.