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UBS AG (88JC)

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Monday 16 July, 2001

UBS AG

Stmnt re Share Split

UBS AG
16 July 2001



UBS's position in own shares below reporting limit of 5%

Zurich / Basel, 16 July 2001 - UBS's position in its own shares has moved below
the statutory stock exchange reporting limit of 5% due to the cancellation of
18.4 million shares repurchased during its buyback program active during 2000.

Before market opening on 16 July, the par value of the UBS share will be reduced
by CHF 1.60.  Additionally, UBS will split its shares 3 for 1.  Trading in the
shares with a reduced par value of CHF 2.80 will commence today.