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UBS AG (88JC)

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Tuesday 29 August, 2000

UBS AG

Position in Own Shares

UBS AG
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.