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UBS congratulates Alinghi on winning the America's Cup.

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Alinghi wins the 31st America's Cup Team Alinghi, sponsored by UBS, has gained the deciding fifth victory against Team New Zealand in Auckland. For the first time since 1851, the America's Cup is thus now on its way back to Europe, with Switzerland as the first landlocked country to succeed in the battle for the world's oldest and most sought-after sailing trophy.

UBS Chairman Marcel Ospel has also expressed his enthusiasm over Team Alinghi's spectacular success: "This is a wonderful success for Alinghi. UBS is honoured to be involved in a partnership with such a successful team, made up of members from 17 different countries, and we would like to extend our congratulations to the Alinghi crew. During the Louis Vuitton Cup, and now the America's Cup, the team has shown just how important teamwork, technology and innovation are - values that are reflected within UBS and which are also the keys to success in the global financial services industry."

For Georges Gagnebin, Chairman of UBS Wealth Management & Business Banking, "the atmosphere during the America's Cup in Auckland was simply electrifying, and the skills and teamwork demonstrated on both boats were a great inspiration." On a business level, Gagnebin views the America's Cup as representing an excellent marketing opportunity: "Via our sponsorship commitment to the Louis Vuitton Cup and Alinghi, we were able not only to carry out advertising for the UBS brand world-wide, but also to welcome business partners and clients at one of the world's largest and most prestigious sporting events."

As the title defender in the America's Cup, Alinghi now has the right to decide on the timing and location of the next America's Cup.

Zurich / Basel, 2 March 2003