Neuste Medienmitteilungen


UBS und PaineWebber geben Vollzugsdatum der Transaktion bekannt.

| Media Releases Switzerland

UBS und PaineWebber geben den 3. November 2000 als Vollzugsdatum der Transaktion bekannt.
Gemäss Übernahmevertrag läuft die Wahlfrist für PaineWebber-Aktionäre am Mittwoch, 1. November 2000, 17.00 Uhr New York City Zeit, ab. Bis zu diesem Zeitpunkt sind sie verpflichtet, die gewünschte Form der Abgeltung bei ihrem mit dem Umtausch beauftragten Institut einzureichen.

PaineWebber-Aktionäre haben - unter Berücksichtigung der vertraglich vereinbarten Zuteilungsbestimmungen - die Wahl, für ihre Titel entweder eine Barabgeltung von USD 73.50 oder 0,4954 UBS-Aktien pro PaineWebber-Titel zu erhalten.
Hält ein Aktionär die Wahlfrist nicht ein, wird davon ausgegangen, er habe hinsichtlich der Form der Abgeltung keine Präferenzen.

Zürich / Basel, 27. Oktober 2000
UBS

Please refer to the proxy statement/prospectus for further details about the procedures shareholders must follow.

Information concerning proxy materials:
This communication is not a solicitation of a proxy from any security holder of Paine Webber Group, Inc. UBS and PaineWebber have filed with the Securities and Exchange Commission a proxy statement/prospectus which has been mailed to PaineWebber security holders and other relevant documents concerning the planned merger of PaineWebber into a subsidiary of UBS. WE URGE INVESTORS IN PAINEWEBBER TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors can obtain the documents free of charge at the SEC's website, www.sec.gov. In addition, documents filed with the SEC by UBS are available free of charge from Investor Relations, UBS, Stockerstrasse 64, Zurich. Documents filed with the SEC by PaineWebber are available free of charge from Geraldine Banyai, Assistant Secretary, 1285 Ave of the Americas, New York, New York 10019.

This press release contains forward-looking statements. These forward-looking statements are found in various places throughout this press release and include, without limitation, statements concerning the expected timing and benefits of the proposed merger. While these forward-looking statements represent our judgments and future expectations concerning the development of our business and the timing and benefits of the merger, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, the inability to obtain, or meet conditions imposed for, governmental and other approvals for the transaction; and other key factors that we have indicated could adversely affect the merger contained in our past and future filings and statements, including those filed with the United States Securities and Exchange Commission. All statements regarding matters following the completion of the merger of UBS and PaineWebber are subject to such completion.