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UBS and Alinghi continue their successful partnership

| Media Releases Switzerland

UBS and Alinghi, the world's most successful sailing crew, have renewed their partnership for another 4 years. In 2007, Alinghi will participate in the America's Cup finals, competing to retain this prestigious sailing trophy.

UBS is proud to be associated with Alinghi and this eminent international competition. Peter A. Wuffli, CEO of UBS says Our partnership with Alinghi has been extremely successful and their vision is closely aligned to our own. With its victory in the America's Cup, the perfectly synchronized Alinghi team gave impressive proof of their strategic and tactical prowess, their experience and passion, as well as their mastery of cutting edge technology. And these same key attributes, which powered Alinghi to a winning performance in sailing's toughest challenge, are also instrumental to our company's success in global financial business."

The next America's Cup will be held in Europe, yet another plus for UBS as it seeks to strengthen its profile as the main sponsor. Already early next summer, the bank will be on board when Alinghi hoists its sails in a series of preliminary regattas.

Alinghi CEO and Skipper, Russell Coutts, welcomed the continuance of a strong partnership. "UBS had confidence in Team Alinghi from the very beginning of our project in 2000. Today, we feel extremely privileged to have their continued trust and cooperation for our new campaign. Their commitment to remain one of our main partners for the next four years is an excellent illustration of our very successful cooperation."

Zurich / Basel, 24 November 2003
UBS