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UBS to act as agent for SG Australia Ltd's instalment warrant business

| Media Releases APAC

Today, we announce UBS Securities Australia Limited agreed to act as SG Australia Limited's instalment warrant administrator. UBS will administer the market making in instalment warrants on the Australian Stock Exchange.

Steuart ROE, Executive Director, Head of Australasian Equities Rick Management Products, commented, "This arrangement demonstrates UBS's long term commitment to developing the Australian warrant markets."

The arrangement follows a similar agreement by UBS to administer BNP Paribas's instalment warrant business last year further complementing UBS's own extensive warrant and structured products business.

UBS has the largest market share of all secondary market turnover on the Australian Stock Exchange.


Sydney, 1 March 2004
UBS