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Daniel J. Ward to join UBS as Managing Director in Mergers & Acquisitions Investment Banking

| Media Releases Americas

New York, June 22, 2005--UBS announced today that Daniel J. Ward has agreed to join the firm as a Managing Director in the firm's Mergers and Acquisitions Investment Banking Group. Mr. Ward will be based in New York and will report to Cary Kochman and Jeff Raich, Co-Heads of Mergers & Acquisitions in the Americas.

Mr. Ward will be responsible for M&A work primarily in the energy sectors.

Mr. Ward will join UBS from Deutsche Bank where he is responsible for M&A in the energy, utility and chemical sectors. Prior to Deutsche Bank, Mr. Ward had been with Morgan Stanley in their M&A group.

"I'm excited that Dan has agreed to join UBS," said Rick Leaman, Joint Global Head of Mergers & Acquisitions. "We expect the energy sector to be one of the fastest growing sectors this year and with Dan on the team, we are very confident we will be able to gain an even greater share of the available fee pool in this important space."

Mr. Ward graduated from Columbia with an MBA in 1996 and earned his B.S. from Villanova in 1990.

UBS is one of the world's leading financial firms, serving a discerning client base. As an organization, it combines financial strength with a culture that embraces change.

UBS is the world's largest wealth manager, a top tier investment banking and securities firm, and a key global asset manager. In Switzerland, UBS is the market leader in retail and commercial banking.

UBS, headquartered in Zurich and Basel, is present in all major financial centers worldwide. It has offices in 50 countries, with 39% of its employees working in the Americas, 38% in Switzerland, 16% in Europe and 7% in the Asia Pacific time zone. UBS's financial businesses employ over 68,000 people worldwide.


Inquiries: Kristopher A. Kagel: +1 212-882-5691 of UBS