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

| Media Releases Switzerland

UBS's position in its own shares has moved above the SWX Swiss Exchange's statutory limit of 5%. On 13 September 2002, UBS held 5% (62.7 million) of its registered shares, and a potential 1.1% in the form of derivatives.

The Group's position in its own shares now includes 58.5 million shares (4.7% of all registered shares) purchased under the 2002 share buyback program.
The remaining UBS shares held include those purchased by UBS Group Treasury for employee share ownership and option programs, and a limited position held by UBS Warburg for trading purposes.

Media Release / 28KB

Zurich / Basel, 18 September 2002
UBS AG